Constant Maturity Treasury (CMT)

The constant maturity treasury rate (CMT) is a measure of the yield rate on a treasury security if it were issued that day. Lenders use this rate to help determine the rate that is applied to an adjustable rate mortgage, which is a mortgage with an interest rate that may change from time to time.

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Disbursement

When you apply for a reverse mortgage, lenders must conduct...

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Draw

When you apply for a reverse mortgage, lenders must conduct...

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What is a Lender Credit?

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