Reverse Mortgage Survival Rates

Ever wondered about the “gamble” of the reverse mortgage? You know many reverse mortgage lenders are trained to tell their clients that their equity payments will last their “entire” life time.  The Department of Housing and Urban Development has compiled a report and above are some of the survival stats for the HECM loan.  See full report on termination stats here: Home Equity Conversion Mortgage Terminations

Written by charles dennis on July 8th, 2007 with comments disabled.
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