The Monthly LIBOR index is used to determine reverse mortgage rates. This stands for London Interbank Offered Rate and is a standard index used in the U.S. for many financial transactions. You can find these rates in such publications such as Wall Street Journal or many other news or finance related websites and newspapers.

If you have any questions prior to filing for a reverse mortgage, I suggest speaking to one of our reverse mortgage professionals. They will be able to answer all of your questions straight away instead of you having to search for information yourself. Also, you will know that all the information you are given is accurate instead of trusting an unofficial source online.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.