Real Estate Glossary



  Interest Rate for HECMs

The interest rate on a Home Equity Conversion Mortgage (HECM) adjusts monthly or yearly. It is tied to the weekly average yield of U.S. Treasury securities adjusted to a constant maturity of one year. The interest charged on the HECM loan will be payable to your lender when the loan terminates.

 

[ Back To Real Estate Glossary ]

ACCEPTING NEW LISTINGS! We can get it SOLD!! F.R.O.G.


Home | HOMES | LOTS & LAND | COMMERCIAL | TN MLS | NC MLS | BUYER REQUEST | SELLER REQUEST | Buyer/Seller Info | Relocation | Newsletter | Local Weather | Local Links | Community Overview | Local Phone #s | Schools | Contact Us | Our Agents | Mortgage Calculator | Mortgage Rates | Real Estate News | Guest Book

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu