Mortgage Insurance Premium (IMIP) Increasing on Reverse Mortgages

Reverse Mortgages - couple 62 plus in kitchen

This Reverse Mortgages NEWSFLASH just in: HUD issued a Mortgagee Letter last week that will affect anyone In Retirement, or Nearing Retirement, who owns a home OR is hoping to Buy a Home.  For some homeowners, the initial mortgage insurance premium (IMIP) is increasing on the FHA-insured Home Equity Conversion Mortgage (HECM) – also commonly known […]

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