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