Reverse Mortgage Rates – January 12, 2010
January 12th, 2010 | by admin Published in News, Rates, Reverse Mortgage | 1 Comment
The average reverse mortgage borrower will see their Initial Benefits increase by $2,750.
Ibis considers an average borrower to be a 73-year old in a $250,000 home that chooses a LIBOR+250 HECM.
The rates as of 1/12/10 are:
Reverse Mortgage Rate Updates are brought to you by Jerry Wagner & Ibis Reverse Mortgage Software – The Industry Standard Since 1995. This is not just a slogan — six of the top 10 reverse mortgage originators plus NRMLA and the AARP use Ibis Software for their websites, retail and wholesale businesses.
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January 12th, 2010 at 10:25 am (#)
Very Good!