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Reverse Mortgage Daily: RMF Seeks Reverse Mortgage Market Expansion in New Equity Elite Option

Posted: November 21, 2019

Reverse Mortgage Funding (RMF) has introduced a new interest rate option for its Equity Elite proprietary reverse mortgage product, which is designed to broaden the reverse mortgage product landscape and capture a wider segment of senior borrowers.

In an effort to compete more directly with traditional avenues of financing, Equity Elite has introduced a new option with a 4.99% rate, a 200 basis point origination fee on principal limit, and the same principal limit factors (PLFs) as other Equity Elite options. Read the full story on Reverse Mortgage Daily.