The month in reverse mortgage rates: March 2024
Housing Wire
MARCH 5, 2024
With a HECM loan, the U.S. This “principal limit” calculation is based on factors like home value, age, and of course, interest rates. Why are there two HECM interest rates used with HECM loans? Expected rates are rounded to the nearest 1/8% for calculating HECM principal limits. These are called “ expected rates.”
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