Up - front mortgage insurance comes to either 0.5 % or 2.5 % of your home's appraised value, depending on the reverse mortgage payment plan you choose. (investopedia.com)
Most experts agree that you should only try to get a deferred interest mortgage payment plan if you really have to. (gobankingrates.com)
Choosing this type of mortgage payment plan is really a matter of personal preference. (loanbox.ca)