How to explain a HECM CMT vs. a HECM Fixed to a borrower for a refinance? free/clear or mtg?

Create this Refinance HECM Tool Report:

  1. Enter Home Value > Enter $ current mortgage balance > Enter $ Current mtg PI payment
  2. Select Two Options
  3. Option 1 > CMT Monthly Cap 5 > Enter Margin rate
  4. Option 2 > Fixed > Enter Fixed rate
  5. Click Next to create report

Watch how Tane explains the benefits of a CMT vs a Fixed to a borrower who owns home free and clear and if they have mortgage to payoff.

  1. add video - start with free and clear, edit loan options to add a mortgage..?
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