What is the interest rate & fees?

Obviously interest rates and fees will vary from lender to lender and if a fixed or variable rate is chosen.

“Reverselink” will explain any fees to you and also make you aware of regular Lenders Special Offers which may include nil application fees or special fixed rate offers. We are in regular contact with our panel of Lenders keeping you informed of any special offers and current rates – we do the shopping around for you!

You have the option of paying fees upfront or having them deducted from loan proceeds, you can also choose fixed, variable, combination and some lenders even offer a capped for life option. This means that your interest rate is variable but it will never exceed the maximum “capped rate”. You will take advantage of any rate reductions that may occur whilst having protection should interest rates rise above the capped rate.

Indicative fees, interest rates and  capped versus variable rate comparison charts are below;

Refinance for free! “Reverselink” will refinance any companies Reverse mortgage for free – Contact us to know more [contact us]