Colorado Reverse Mortgage Rates (HECM) for 4/29/2014

Colorado HECM reverse mortgage rates for the week of 4/29/14reverse mortgage rates

FIXED Rate

5.06%
No Lender Fees(Title insurance + Mortgage insurance will apply)

ADJUSTABLE Rate (1 month Libor)

Index .152% Fluctuating interest rate(index fluctuates with Libor index)
Margin 2% – Base interest rate(margin is fixed)
2.152% Start rate(adjusts monthly)
No Lender Fees/No Title Insurance/No Mortgage Insurance – No cost

For further explanation regarding HECM closing costs please visit the Closing Costs Page.

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