MN Reverse Mortgage - Reverse Mortgages SIDAC - Reverse Mortgage Interest Rates

Reverse Mortgage Interest Rates

for the week of July 20, 2010*

Prestige Mortgage LLC/Reverse Mortgages SIDAC is the ONLY lender
offering ALL Reverse Mortgage Programs
currently available in Minnesota and serving all of Minnesota.

We will evaluate all programs and your situation to help you decide which program is best for you. In the end it is YOUR decision.
Reverse Mortgage Home

HECM Monthly:

HECM LIBOR: 2.088%

HECM Fixed: 5.56% (Lump sum draw option)

Jumbo Reverse Mortgages:

None currently available in MN

*For calculation purposes interest rate indexes change weekly and margins change daily. Margins cannot be locked until submitting file to underwriting.

No matter what one's income or credit is, the interest is the same for ALL borrowers.

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We do not offer a reverse mortgage calculator for a couple of reasons:

Reverse mortgage calculators do not provide answers. They are estimates that do not reflect fees for Minnesota whereas we can run calculations based on the fees used in Minnesota.
There may be some options to make the reverse mortgage work for you even if the reverse mortgage calculator reflects a negative amount available to you. We want to discuss options and see if the reverse mortgage or other options may benefit you.

Contact us for Minnesota reverse mortgage calculations - it's the best way to see if the reverse mortgage is an option for your situation.

Understanding Reverse Mortgages Book

Minnesota Residents Call Us to learn how to receive a FREE copy of Understanding Reverse Mortgages,

a book written in a simple format, providing the necessary information

and knowledge to comprehend the basics of Reverse Mortgages.

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