For a reverse mortgage with: 20-year term loan amount $200,000 Interest rate 8% There is no origination fee What is the

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answerhappygod
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For a reverse mortgage with: 20-year term loan amount $200,000 Interest rate 8% There is no origination fee What is the

Post by answerhappygod »

For a reverse mortgage with:
20-year term
loan amount $200,000
Interest rate 8%
There is no origination fee
What is the effective cost of the loan if the senior lives out
the entire loan?
7%
16.23%
12.45%
8%
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