The month in reverse mortgage rates: April 2024
Housing Wire
APRIL 4, 2024
of a prospect’s home value. For example, a prospect with a $500,000 home could see their principal limit drop by an average of $3,000 (0.6%) from a 1/8% increase in expected rate. of the appraised value of the home. When looking up the borrower’s principal limit factor, we would use 6.75%. Example With a 2.5%
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