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 [email protected]

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or visit our websitehttp://www.reversemortgagecalifornia.com/reverse-

mortgage-interest-rates.html

Economy & Finance

Reverse Mortgage Interest Rates In California