For a reverse mortgage with

20-year term

loan amount $300,000

Interest rate 8% There is no origination fee

What is the effective cost if the senior passes away in 5 years? Q13 to Q16 are based on the same assumptions as follows: For a reverse mortgage with 20-year term loan amount $300,000 Interest rate 8% There is no origination fee What is the effective cost if the senior passes away in 5 years?

8.7%

8%

9.2%

8.6%

Question

For a reverse mortgage with

20-year term

loan amount $300,000

Interest rate 8% There is no origination fee

What is the effective cost if the senior passes away in 5 years? Q13 to Q16 are based on the same assumptions as follows: For a reverse mortgage with 20-year term loan amount $300,000 Interest rate 8% There is no origination fee What is the effective cost if the senior passes away in 5 years?

8.7%

8%

9.2%

8.6%

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