Sentences with phrase «smaller upfront premium»
Because the payments start later, you can get relatively large payments in the future for a much smaller upfront premium than with an immediate annuity.
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Most borrowers going through the FHA prefer to minimize front - end costs, but this upfront premium is an unavoidable (if small) addition that should be taken into account.
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 mortgage.
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.
Most borrowers going through the FHA prefer to minimize front - end costs, but this upfront premium is an unavoidable (if small) addition that should be taken into account.
Finally, the narrower range means your upfront cost is smaller — you only pay the premium for the time and risk you want to be exposed to.
In the first few years of your policy, a very small percentage of your premium goes into the savings account while the rest is used to pay for upfront costs like administrative fees and the agent's commission.
In the first few years of your policy, a very small percentage of your premium goes into the savings account while the rest is used to pay for upfront costs like administrative fees and the agent's commission.
They'll have, say, a low - premium, high - deductible health plan, paying a small amount upfront each month but having the financial ability to cover a high deductible.
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 mortgage.