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What is the Average Reverse Mortgage Payment Amount? Cash Available

Before making a decision regarding your reverse mortgage, it is a good idea to compare your options with the national average along with as many alternate options as possible. The average reverse mortgage payment amount is approximately $110,000 for persons with a 3.6% interest rate on a loan of $200,000. As the interest rate increases, available cash decreases. For example a 5.2% interest rate on the same $200,000 loan will only pay an average of $84,000. These figures take into account the cost of reverse mortgage fees.

by Margaret Walker on Wed, 08/25/2010 - 00:10

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