Reverse Mortgage Interest Rates In California

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Reverse Mortgage Interest Rates

• California's Reverse Mortgage Elder Protection Act of 2009 states that a reverse mortgage interest rates can be either fixed or variable.

• Fixed reverse mortgage interest rates will remain same throughout the loan tenure.

• This means if inflation goes up you might pay less than average market rate saving money while it goes down you will pay more than average market rate.

• variable reverse mortgage interest rates will change as per the market conditions.

• Fixed rates are approximately 4% - 5% however variable rates can be slightly lower.

• Reverse mortgage Interest rates may vary from state to state and city to city.

• Interest rates on reverse mortgages is not deductible on income tax returns – until the loan is paid off, either partially or in full.

Know more about reverse mortgage Interest Rates info@ReverseMortgageCalifornia.com

orcall us on 800-730- 6558

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mortgage-interest-rates.html

Reverse Mortgage Interest Rates In California

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