Reverse Mortgages
Posted By Jim the Realtor On March 31, 2011 @ 8:38 pm In Bubbleinfo TV,Mortgage News,Mortgage Qualifying,Reverse Mortgages,Thinking of Buying? | 16 Comments
A question not asked in this video with Ted Lange, a reverse-mortgage specialist for Wells Fargo:
Does the loan balance go up? Answer:
Yes, the interest payments are tacked on, based on today’s 30-year fixed rate (which is 5.06%):
Article printed from bubbleinfo.com: http://www.bubbleinfo.com
URL to article: http://www.bubbleinfo.com/2011/03/31/reverse-mortgages/
Click here to print.