Reverse Mortgage Rates

Our reverse mortgage interest rates start at just 3.75% and can be further reduced if you choose to pay the interest in full each year.  We have a variable rate option as well as several fixed rate solutions to meet your particular needs.  Your interest rate will be determined by the length of term you choose.

CHIP Interest Rates

			Annual Percentage Rate (APR) *
Term	Rate	Effective	10 Years	5 Years	3 Years	1 Year
Variable Rate	4.50%	July 21, 2010	4.63%	4.73%	4.87%	5.54%
6 months	4.75%	July 21, 2010	4.89%	4.99%	5.12%	5.80%
1 year	4.85%	July 21, 2010	4.99%	5.09%	5.23%	5.90%
3 years	5.75%	August 18, 2010	5.91%	6.01%	6.15%	6.83%
5 years	5.99%	August 18, 2010	6.16%	6.26%	6.39%	7.07%

* APR is based on a CHIP Home Income Plan of $150,000.The annual percentage rate (APR), is calculated as the rate of interest of the plan plus closing costs.

Rates are subject to change and will be posted on this site.

Contact Horizon Equity to learn more or Apply Now.