Silverboat - Reverse Mortgage Loans

Creating your own account allows you to store data, create a “crew list” to email data to others and if desired, to arrange a “crew meeting” over the internet and phone.

Our intention is to provide illustrations and numbers that depict future results. Assumptions used may or may not be correct as time passes. For a detailed analysis based on specific needs along with various assumptions related to Reverse Mortgage loan products, call a SilverBoat.com loan advisor, or proceed to the "Crew List" tab to start the process.

Mortgage Analysis Tools

AVAILABLE CASH IN CREDIT LINE

Based on current market rates and the HECM monthly program, this chart illustrates the estimated amount of cash available over time, assuming no cash withdrawals.

CREDIT LINE VALUE ESTIMATOR

Based on current market rates and the HECM monthly program, this chart illustrates estimated available funds over time determined by the amount drawn each month. Drawing the Constant Credit Line Value Payment will retain the value of the credit line.

Constant Credit Line Value Payment:	$ n/a
Select the Monthly Draw you require:	$

HISTORICAL INDEX RATES

Reverse mortgage loan interest rates are currently based on the Treasury Bill, Six month LIBOR or the One Month CD Index. Home equity loans are primarily based on the Prime Rate.

HOME VALUE ESTIMATOR

This chart indicates the estimated value of a home over time based on the appreciation rate selected. Select from one of the three available rates to view the indicated value change over time.

Select the Appreciation Rate

2% per yr

4% per yr

6% per yr

Alert

For a detailed analysis of your specific needs, please click "Next" to go to the "Crew List " area and start preparing for your Crew Meeting

All calculations, charts, and numbers listed are ESTIMATES only and are made available for your independent use. Interest rates will vary and are subject to change without notice. SilverBoat provides this website solely as an informational portal. You should consult your financial, tax or other advisors concerning your specific situation.

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This website has been created by and is maintained by Silverboat.com, which is solely responsible for its content. This is not an offer or a loan commitment. Nothing contained herein shall be construed as legal advice; if you have questions regarding any legal issues you should consult a qualified and licensed attorney. Silverboat.com is a registered trademark of Encore Partners 321, LLC. The Grand Bank logo is a registered trademark of Grand Bank N.A., a federally chartered Bank and equal opportunity housing lender, and is used with permission.