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Reverse mortgage rates refer to the interest rates charged on a reverse mortgage loan.
The lender providing the reverse mortgage loan is required to disclose the reverse mortgage rates to the borrower.
To fill out reverse mortgage rates, the lender must provide the current interest rate, any fees associated with the loan, and the terms of the loan.
The purpose of reverse mortgage rates is to inform the borrower of the cost of borrowing through a reverse mortgage loan.
The reverse mortgage rates must include the interest rate, fees, and any other costs associated with the loan.
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