Sentences with phrase «several types of reverse mortgages»

Not exact matches

Although 90 % of all reverse mortgage loans in the United States are the government - insured Home Equity Conversion Mortgages (HECM), there are actually several types designed for different purposes.

Interest on reverse mortgage loans depend on several factors: the bank you're using, the current market and the type of loan you're seeking: fixed - rate or adjustable.

The specific amount depends on several factors, including your age, the type of reverse mortgage you select, the value of your home, prevailing interest rates and FHA lending limits.