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a $156 million mortgage on the UBS building is now in the hands of CWCapital Asset Management, a Bethesda, Md., firm with a New York City office that as of September was marketing $2.1 billion in.
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Reverse mortgages have a relatively short history in the United. On top of that, falling home prices meant more loan balances were exceeding the value of the home as collateral when repayment was.
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· For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month london interbank Offered Rate (LIBOR).
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