The Latest Development in Reverse Mortgages:

Feb 2007:  HECM loans now have the option of 3 margins: 1%, 1.25%, and 1.5%. 

How does this benefit you, the consumer?

1.) The lower the margin, the more money that is available to you the consumer.

2.) At the time you move out of your home you will have more equity.

3.) It will give you the consumer more options on how to structure your loan. You will have the choice to lower your closing costs and accrue more monthly or stay with the current closing costs and accrue less monthly.

Example: 75 yr old widow with a home value of $200,000.  She would receive $8,198.27 more with the 1% margin versus the 1.5% margin.

For an analysis of your options, call tollfree: 1-877-827-7626.