How do reverse mortgage interest rates work?

How do reverse mortgage interest rates work?

Reverse Mortgage Interest Rates Interest rates on reverse mortgages are either adjustable, or fixed. An adjustable reverse mortgage interest rate is determined by a financial index that¬†fluctuates with the market. Typically, the One Month or Annual LIBOR index is used and a margin is added to the index to determine your interest rate for the month. ¬†It is important to […]