Interest rates

Fixed rate reverse mortgage

The fixed rate programs are defined to each lender and are not indexed to the public. To determine the currently available fixed rate, you must ask a reverse mortgage lender for a good faith estimate.

Adjustable rate reverse mortgage

Adjustable rate reverse mortgage have interest rates that change as the market interest rate index changes. The index used today is the LIBOR, the London Inter Bank Offered Rate. This is an international rate instead of a US focused index.