It's important to consider upfront closing costs on your new loan, and the time it will take to recoup those costs. (discover.com)
Using the HECM Fixed Rate Saver for fixed rate mortgages will significantly lower the borrower's upfront closing costs while permitting a smaller pay out than the HECM Fixed Rate Standard product, thereby reducing risks to the Mutual Mortgage Insurance Fund. (kentuckyfhaloan.wordpress.com)
The Home Equity Conversion Mortgage Saver is designed to lower upfront closing costs for smaller loan amounts. (totalmortgage.com)