Comments on: EverBank Rolls Out LIBOR Reverse Mortgage Products http://reversemortgagedaily.com/2008/02/13/everbank-rolls-out-libor-reverse-mortgage-products/ Reverse Mortgage News and Information Sun, 12 Oct 2008 13:17:21 +0000 http://wordpress.org/?v=2.3.1 By: Patricia Bloom http://reversemortgagedaily.com/2008/02/13/everbank-rolls-out-libor-reverse-mortgage-products/#comment-3663 Patricia Bloom Thu, 20 Mar 2008 16:38:50 +0000 http://reversemortgagedaily.com/2008/02/13/everbank-rolls-out-libor-reverse-mortgage-products/#comment-3663 I don't understand how the various rates listed relate to the customer/reverse mortgage holder. I am now looking to refinance with EverBank formerly BNY. Main purpose is to have more available cash for home maintenace, repairs etc. This loan does not sacrifice the homeowner's equity as has been misstated by the media. I don’t understand how the various rates listed relate to the customer/reverse mortgage holder. I am now looking to refinance with EverBank formerly BNY.
Main purpose is to have more available cash for home maintenace, repairs etc.

This loan does not sacrifice the homeowner’s equity as has been misstated by the media.

]]> By: Greg Gulliford http://reversemortgagedaily.com/2008/02/13/everbank-rolls-out-libor-reverse-mortgage-products/#comment-3333 Greg Gulliford Thu, 14 Feb 2008 18:32:12 +0000 http://reversemortgagedaily.com/2008/02/13/everbank-rolls-out-libor-reverse-mortgage-products/#comment-3333 From the client perspective, what is it they should know about the Libor products versus the T-bill products? From the client perspective, what is it they should know about the Libor products versus the T-bill products?

]]> By: Anonymous http://reversemortgagedaily.com/2008/02/13/everbank-rolls-out-libor-reverse-mortgage-products/#comment-3330 Anonymous Thu, 14 Feb 2008 14:38:44 +0000 http://reversemortgagedaily.com/2008/02/13/everbank-rolls-out-libor-reverse-mortgage-products/#comment-3330 There is higher demand and higher pricicng (read: more $$) in the secondary market for LIBOR Products. All of this has been disguised as LIBOR rates being more stable over the long term but the reality of it is economics. This is a similar shift that the forward market experienced about 6-7 years ago when Wall Street changed its preference from Treasury based ARMs to Libor ARMs. There is higher demand and higher pricicng (read: more $$) in the secondary market for LIBOR Products. All of this has been disguised as LIBOR rates being more stable over the long term but the reality of it is economics. This is a similar shift that the forward market experienced about 6-7 years ago when Wall Street changed its preference from Treasury based ARMs to Libor ARMs.

]]> By: admin http://reversemortgagedaily.com/2008/02/13/everbank-rolls-out-libor-reverse-mortgage-products/#comment-3329 admin Thu, 14 Feb 2008 14:38:18 +0000 http://reversemortgagedaily.com/2008/02/13/everbank-rolls-out-libor-reverse-mortgage-products/#comment-3329 My bad, there are 5, I updated the post. My bad, there are 5, I updated the post.

]]> By: Counter http://reversemortgagedaily.com/2008/02/13/everbank-rolls-out-libor-reverse-mortgage-products/#comment-3328 Counter Thu, 14 Feb 2008 14:28:15 +0000 http://reversemortgagedaily.com/2008/02/13/everbank-rolls-out-libor-reverse-mortgage-products/#comment-3328 So are there 4 different margins or 5? 1.00%, - one 1.125%, - two 1.25%, - three 1.375% - four and 1.50%. - five So are there 4 different margins or 5?

1.00%, - one
1.125%, - two
1.25%, - three
1.375% - four
and 1.50%. - five

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