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Home > What should I know about interest rates?
What should I know about interest rates?
Interest rates for Reverse Mortgages are calculated using a formula set by the federal government.
The interest rate at the time of closing your Reverse Mortgage loan is the initial rate for the loan.
The majority of interest rates for Reverse Mortgages are adjustable, and will vary according to the financial market conditions.
Access Reverse Mortgage also offers a Fixed Rate option which is suitable for certain situations. Please consult with your Access Reverse Mortgage specialist to determine which interest rate option is right for you.
