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Mortgage: Learn the basics of reverse mortgages

on Jan 28, 2016 in FHA Information | Comments Off on Mortgage: Learn the basics of reverse mortgages

Mortgage: Learn the basics of reverse mortgages The first FHA-insured reverse mortgage was introduced in 1989. Such loans enable seniors age … Retirees with an adjustable-rate mortgage can collect their payments on a reverse mortgage as a lump sum, symptoms clinic fixed monthly payment, line of credit or some … More informaiton please visit here… FHA Mortgages To Have A Banner Year First, in 2015 the FHA cut its annual mortgage insurance premium (MIP) for most loans by .5 percent, going from 1.35 percent to .85 percent. The result is that the monthly cost to finance with an FHA-insurance loan fell substantially. Someone with a … More informaiton please visit here… Despite hefty down payment, 0000 home may be out of reach for buyer … 36 percent of your gross monthly income on your total debt. At $ 42,000 per year, or $ 3,500 per month, that's a maximum amount of $ 1,260 for your mortgage, taxes, insurance and any other debt you have, including student loans, credit card debt, auto … For more informaiton please visit here… Mortgage: Learn the basics of reverse...

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