Lender Lead Solutions announces LIBOR-based HECMMortgagePress.comHECM
Lender Lead Solutions has introduced a home equity conversion
mortgage (HECM) based on the London Interbank Offered Rate (LIBOR)
index. The company is the first lender in the reverse mortgage
industry to announce a product based on the LIBOR index instead of
the Constant Mature Treasury. This will keep brokers from being
exposed to market volatility and allow them to increase flexibility
"The LIBOR-based HECM provides brokers added margin, while
giving them the flexibility to structure rates and loan closing
costs to meet the individual needs of borrowers," said David
Peskin, CEO of Lender Lead Solutions.
Melville, N.Y.-based Lender Lead Solutions, a division of
Vertical Lend, is a reverse mortgage services company. For more
information, call (888) 775-3631 or visit www.lenderleadsolutions.com.