| relaithter's Forum Info |
| Joined: |
08-17-2021 |
| 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 relaithter |
| Bio: |
The amount you get will likewise be affected if the house has any other mortgages or liens. If there's a balance from a home equity loan or house equity credit line (HELOC), for example, or tax liens or judgments, those will need to be paid with the reverse home mortgage proceeds initially." No matter the type of reverse home mortgage, you should not expect to get the amount of your home," Boies says.
Doing this, nevertheless, reduces the quantity of funds offered to you through the loan. Here's a breakdown of HECM charges and charges, according to HUD: There is a 2 percent initial MIP at closing, as well as an annual MIP equal to 0. 5 percent of the outstanding loan balance. https://blogfreely.net/annilar0rq/5-home-mortgage-insurance-premium-what-is-the-concept-of-nvp-and-how-does-it |
| Sex: |
Male |
|
