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Reverse Mortgage Funding Launches Latest Innovative HECM Product

HECM MAX5 is industry’s first variable rate loan with a five percent lifetime cap

Bloomfield, N.J. May 8, 2014 — Reverse Mortgage Funding LLC (RMF) today announced it has launched another innovative HECM product, HECM MAX5, the industry’s first variable rate Home Equity Conversion Mortgage with a lifetime cap of five percent. RMF continues to be at the vanguard of the reverse mortgage industry offering innovative products that best meet borrowers’ needs.

HECM MAX5 offers borrowers both a lower initial rate and lower lifetime interest rate cap. With the HECM MAX5, there is no change in the proceeds available and all payment plan options are available, with increased protection against potential interest rate increases.

“We continue to create new ways to best serve our clients and are committed to helping qualified seniors achieve their financial goals,” said Joe Demarkey, director of product development, Reverse Mortgage Funding LLC.

As with other variable rate HECM loans, borrowers can choose a lump sum draw, line of credit, monthly payment, or combination of these. The HECM MAX5 is an open-ended loan with no minimum initial draw that has a five percent lifetime cap over the initial interest rate, which is based on the one month Libor Index.

About Reverse Mortgage Funding LLC

Reverse Mortgage Funding LLC was established in July 2012 and is led by industry veterans Craig Corn, Robert Sivori, and David Peskin. These executives have an average of more than 15 years of experience in building and, most importantly, growing firms in the industry. The company has offices in New York and New Jersey. Learn more by calling (877) 820-5314 or visiting


See what funds you may be eligible for with our free instant reverse mortgage calculator.

By clicking "CALCULATE", you are providing your signature and express "written" consent to be contacted by or behalf of Reverse Mortgage Funding LLC, its affiliates and/or its agents (collectively Company) at the telephone, email or mailing address that you have provided for purposes of fulfilling this inquiry about reverse mortgages and/or the Company's products or services, even if you have previously registered on a "do not call" government registry or requested Company to not send marketing information to you by email and/or direct mail. You agree that the Company may use automatic telephone dialing systems and prerecorded voice messaging in connection with calls or texts made to the telephone number you provide even if the telephone number is assigned to a cellular or mobile telephone service or other service for which the called party is charged. You understand that you are not required to consent to receiving autodialed calls or texts as a condition of any reverse mortgage and/or purchasing any Company products or services. If you do not wish to authorize Company to contact you in this manner, you can call 888-277-1567 to complete your request. You understand that you can revoke this consent at any time.

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