HomeEquity Bank Prime Rate: %
The following is a summary of the current CHIP Reverse Mortgage interest rates and terms offered by HomeEquity Bank.
term |
SPECIAL RATE1 |
closing fee2 |
Annual Percentage Rate (APR)3 |
Variable4 |
% |
$ |
% |
1 Year |
% |
% |
3 Years |
% |
% |
5 Years |
% |
% |
term |
posted rate |
closing fee2 |
Annual Percentage Rate (APR)3 |
Variable5
|
% |
$ |
% |
6-month |
% |
% |
1-year |
% |
% |
3-year |
% |
% |
5-year |
% |
% |
1These rates are only available for new reverse mortgage originations in certain locations and are subject to meeting HomeEquity Bank’s credit granting criteria. Offer may be changed, extended or withdrawn at any time without notice. Rates are adjustments off of posted rates.
2These fees may vary based on individual circumstances.
3APR is the estimated cost of borrowing for years expressed as an annual percentage. It is based on a mortgage of $ and includes the applicable closing costs.
4Variable (Special) refers to the HomeEquity Bank Prime Rate plus a fixed spread of %. The fixed spread is guaranteed for years
5Variable (Posted) refers to the HomeEquity Bank Prime rate plus a fixed spread of %. The fixed spread is guaranteed for years.