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Take the example of a 68-year-old homeowner with a property valued at $300000 and no mortgage. A standard HECM with a variable interest rate could yield a lump sum loan of $185000 net of $10950 in fees according to a calculator on lender All Reverse Mortgage's website. With a Saver HECM the same borrower could access a $156450 line of credit net of $6450 in fees.
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