Additional Funds
HomeEquity Bank Prime Rate: 2.45%
The following is a summary of the current CHIP Reverse Mortgage with Additional Funds interest rates and terms offered by HomeEquity Bank.
| term | interest rate | |
|---|---|---|
| CHIP Reverse Mortgage Account | Fixed 5 year | 5.99% |
| Additional Funds Account | Variable1 | 6.29% |
1 Variable refers to the HomeEquity Bank Prime Rate plus a fixed spread of 3.84%. The fixed spread is guaranteed for 5 years.
