Gadget News and Reviews » Rates Mortgage http://gadgethobby.com Gadget Product reveiws, news and more Mon, 13 Feb 2012 10:43:10 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Reverce Mortgage Calculator http://gadgethobby.com/reverce-mortgage-calculator/ http://gadgethobby.com/reverce-mortgage-calculator/#comments Fri, 20 Nov 2009 17:59:10 +0000 http://gadgethobby.com/reverce-mortgage-calculator/ There are two interest rates available for mortgage loans: One is called “expected rate” and it consists of 10 year index plus the borrower’s margin. The higher the rates are the less money the borrower can get. However, there is a floor rate of 5.5% and interest rate below 5.5% will no longer increase the amount of proceeds available through the Reverse Mortgage.

Orginal post by Mike

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