| alannajepp's Forum Info |
| Joined: |
08-03-2021 |
| Last Visit: |
(Hidden) |
| Total Posts: |
0 (0 posts per day | 0 percent of total posts)
(Find All Posts)
|
| Total Threads: |
0 (0 threads per day | 0 percent of total threads)
(Find All Threads)
|
| Time Spent Online: |
(Hidden) |
| Members Referred: |
0 |
|
|
| Additional Info About alannajepp |
| Bio: |
The amount you receive will likewise be impacted if the house has any other mortgages or liens. If there's a balance from a house equity loan or house equity credit line (HELOC), for instance, or tax liens or judgments, those will need to be paid with the reverse home loan profits first." No matter the kind of reverse home mortgage, you shouldn't expect to receive the amount of your home," Boies states.
Doing this, nevertheless, lowers the amount of funds readily available to you through the loan. Here's a breakdown of HECM costs and charges, according to HUD: There is a 2 percent initial MIP at closing, as well as a yearly MIP equal to 0. 5 percent of the outstanding loan balance. https://shanesfvl568.weebly.com/blog/little-known-questions-about-after-my-second-mortgages-6-month-grace-period-then-what |
| Sex: |
Male |
|
