expected interest rates: To Wait or Not to Wait...Is that the Question?
- 06/26/13 06:01 AM
The Federal Reverse's recent move to lower interest rate, and, hopefully, stimulate the recovering economy is creating a new window of opportunity for seniors interested in a reverse mortgage. While this means less interest earned on savings account, and essentially using more of the prinicipal portion of your savings account more quickly, there is hope yet for those interested in a reverse mortgage. In a recent Reverse Focus news report released on June 24th, Shannon Hicks, Vice President of Product Development at Reverse Focus, Inc., warns of the dangers of waiting and not taking advantage of the lower interest rates. In a … (0 comments)
The Federal Reverse's recent move to lower interest rate, and, hopefully, stimulate the recovering economy is creating a new window of opportunity for seniors interested in a reverse mortgage. While this means less interest earned on savings account, and essentially using more of the prinicipal portion of your savings account more quickly, there is hope yet for those interested in a reverse mortgage.
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