Reverse Mortgage Rates and Origination Fees for
Tuesday, September 10 2019
Reverse Mortgage Rates and Origination Fees for Tuesday, September 10 2019
Posted 9:35am EST
The lowest rate in our
Fixed-Rate HECM survey was unchanged this week on an
unchanged origination fee quote. The lowest origination
fee was
also unchanged from last week.
| Tuesday, September 10 Report on Pricing of Fixed-Rate2 HECM Reverse Mortgage | |||
|---|---|---|---|
| Pricing by 6 competing Reverse Mortgage Lenders1 | Interest Rate | Origination Fee | Maximum Cash Draw by Owner aged 65 with Home Equity of $300,000 |
| Lowest Interest Rate September 10 | 3.680% | $5,950 | $76,384 +$103  |
| Change from September 3 | No Change | No Change | |
| Lowest Origination Fee September 10 | 4.810% | $1,500 | $68,414 +$103 |
| Change from September 3 | No Change | No Change | |
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com:
All Reverse, Signet Mortgage, First Bank, Goldwater Bank,
Goodlife Home Loans, Longbridge Financial,
Centennial Home Mortgage
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday