What are the benefits of refinancing a reverse mortgage?

One Response to “What are the benefits of refinancing a reverse mortgage?”

1. doreen k says:

   November 25, 2010 at 3:05 am

   It may not help because the borrower would have to re-pay the origination fees. And the amount that could be borrowed would likely be much less because the home’s value will be less under the current market conditions.

   I very much doubt whether the difference in interest rates could be made up after re-paying all the necessary fees to refinance a reverse mortgage.

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