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For a reverse mortgage with 20-year term loan amount $300,000 Interest rate 8% There is no origination fee If the origination fee is $6,000, what
For a reverse mortgage with 20-year term
loan amount $300,000
Interest rate 8%
There is no origination fee
If the origination fee is $6,000, what is the effective cost if the senior lives out the entire loan?
8.12% 9.88% 8.96% 8.88%
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