Sentences with phrase «small upfront mortgage insurance premium»
Borrowers are required to pay a small upfront mortgage insurance premium (1.5 % of the purchase price) and a small monthly mortgage insurance (MMI) premium.
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Characterized by lower upfront Mortgage Insurance Premiums and closing costs, the HECM Saver makes the reverse mortgage more affordable by allowing homeowners to borrow a smaller amount than the standard reverse mMortgage Insurance Premiums and closing costs, the HECM Saver makes the reverse mortgage more affordable by allowing homeowners to borrow a smaller amount than the standard reverse mmortgage more affordable by allowing homeowners to borrow a smaller amount than the standard reverse mortgagemortgage.
Characterized by lower upfront Mortgage Insurance Premiums and closing costs, the HECM Saver makes the reverse mortgage more affordable by allowing homeowners to borrow a smaller amount than the standard reverse mMortgage Insurance Premiums and closing costs, the HECM Saver makes the reverse mortgage more affordable by allowing homeowners to borrow a smaller amount than the standard reverse mmortgage more affordable by allowing homeowners to borrow a smaller amount than the standard reverse mortgagemortgage.