The cap rate is dependent on whether your reverse mortgage loan adjusts monthly or yearly. For monthly adjustable rates the cap cannot exceed 10 percentage points of the initial note rate. For yearly adjustable rates the cap cannot exceed 5 percentage points of the initial note rate and no more than 2 percentage points per year. The best thing to do is call us, and speak with a reverse mortgage professional. They will be able to explain matters like this to you in further detail. To find out more about American Advisors Group, order a free educational DVD from our website, or call the phone number provided. The DVD features Former Senator Fred Thompson, and watching it will give you the best advice for a better life. We hope to hear from you soon.

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.