| Product Name | CMT Monthly Cap 5 | HomeSafe | EquityPower |
| Margin Or Rate | 2.500% | 9.450% | 8.990% |
| Initial Rate | 6.580% | 9.450% | 8.990% |
| Mip Rate | 0.500% | 0.000% | 0.000% |
| Property Value | $700,000.00 | $700,000.00 | $700,000.00 |
| Principal Limit | $286,300.00 | $212,800.00 | $228,200.00 |
| Liens Payoff | $150,000.00 | $150,000.00 | $150,000.00 |
| Origination Fee | $6,000.00 | $2,128.00 | $5,305.00 |
| Mip | $14,000.00 | $0.00 | $0.00 |
| Other Closing Costs | $4,907.00 | $5,990.05 | $8,840.05 |
| Available Funds | $111,393.00 | $54,681.95 | $64,054.95 |
| Available Loc | $111,393.00 | ||
| Available Tenure | $713.00 | ||
| Available Cash At Closing | $28,630.00 | $54,681.95 | $64,054.95 |
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Our Reverse Mortgage Refinance Calculator
The Lowdown on Refinancing Your Reverse Mortgage
A Reverse Mortgage Refinance calculator is a vital tool for seniors looking to adjust their existing reverse mortgage. This calculator helps estimate the new loan amount, interest rates, and any additional funds you might access through refinancing. This easy-to-use tool aids in making informed decisions about whether refinancing is the right choice for your financial situation.
Refinancing a reverse mortgage can offer numerous benefits, such as accessing additional equity, securing a lower interest rate, or modifying the loan terms to better suit your needs. This can lead to improved financial stability, allowing you to cover unexpected expenses, make home improvements, or enhance your overall quality of life. The Reverse Mortgage Refinance option ensures that you continue to enjoy the financial flexibility and peace of mind that a reverse mortgage provides, with the added advantage of potentially better terms and increased funds.
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Why a Reverse Mortgage? Explore How It Can Work for You
At Opulence Home Equity, we are dedicated to helping you navigate the complexities of refinancing your reverse mortgage. Our Reverse Mortgage Refinance calculator is designed to give you accurate and detailed estimates, empowering you to make the best decisions for your financial future. Our team of experts is here to provide personalized advice and support throughout the refinancing process, ensuring you understand all your options and benefits. With our assistance, you can confidently explore the advantages of refinancing your reverse mortgage and secure a more stable and prosperous retirement.
Reverse Mortgage Qualifier
