Reverse mortgages have some fairly
high upfront mortgage insurance premiums, which are paid to the government.
3 If the initial disbursement exceeds the 60 percent threshold,
a higher upfront mortgage insurance premium (MIP) is assessed on the loan.
3 If the initial disbursement exceeds the 60 percent threshold,
a higher upfront mortgage insurance premium (MIP) is assessed on the loan.
Not exact matches
With the recent increased interest in FHA loans, we have received many questions regarding the impact of
high cost tests on certain fees, including
upfront mortgage insurance premiums (MIP) paid by borrowers financing with FHA.