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As an adviser, you need to incorporate home equity solutions into the client’s unique situation.” Read: Read this before getting a reverse mortgage Too often a reverse mortgage is advised as a quick.
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The Inflation Calculator. The following form adjusts any given amount of money for inflation, according to the consumer price index, from 1800 to 2018. Enjoy!
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The lender will add a "margin" to the index to determine the rate of interest actually being charged. The margin used in our calculator is 250 basis points (2.50%). You might find reverse mortgage originators that offer higher or lower margins and various credits on lender fees or closing costs.
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