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Fixed Vs. Adjustable Reverse Mortgage (HECM) Rates

What is the difference between Fixed & Adjustable Reverse Mortgage (HECM) Rates?


A favorite among borrowers over the last 7 years, this type of loan has no chance of a rate increase. However, this doesn’t mean a fixed rate is the obvious choice for everyone.

While borrowers’ rates are locked in regardless of the change in the market rates, this option is limited to receiving the funds as a lump sum only. Typically, the fixed rate reverse mortgages are ideal for those planning to use their funds all at once.


A reverse mortgage alternative with more flexibility, the adjustable rate varies throughout the loan period.

The disbursement options with an adjustable rate include a lump sum, line of credit, monthly payments, or a customized hybrid of the three. You may choose a yearly or monthly variable, meaning the rate will change based on the market index either once a year or once a month.

Ask a Senior Security advisor to run a comparison of programs for you and understand your options, we’re happy to provide a no obligation consultation.

Contact Senior Security Advisors for more details on fixed and adjustable rates. Ask them any questions you may have. Deciding on the right loan options for you depends on your individual situation.