The two main reverse mortgage eligibility requirements are that the borrower must be at least 62-years-old and the home must be their primary residence. There are usually no income requirements to qualify, but borrowers cannot be far behind on their monthly mortgage payment.
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Current Fixed Mortgage Rates |
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| 30 Yr Fixed |  5.05% | 10/16/2009 |
| 15 Yr Fixed |  4.60% | 10/16/2009 |
| 30 Yr Fixed Jumbo | 6.04% | 10/16/2009 |
| 15 Yr Fixed Jumbo | 5.58% | 10/16/2009 |
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Current Adjustable Mortgage Rates |
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| 3/1 ARM | 4.82% | 10/16/2009 |
| 5/1 ARM | 4.07% | 10/16/2009 |
| 7/1 ARM | 4.43% | 10/16/2009 |
| 10/1 ARM | 4.66% | 10/16/2009 |
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Current Interest Only Mortgage Rates |
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| 3/1 ARM Interest Only | 5.40% | 10/16/2009 |
| 5/1 ARM Interest Only | 4.18% | 10/16/2009 |
| 7/1 ARM Interest Only | 4.61% | 10/16/2009 |
