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Posts Tagged 'closing cost'

Reverse Mortgage Closing Costs & Fees Explained

There are several closing costs borrowers are required to finance when getting a reverse mortgage. What many people don’t know is that some of the costs vary by lender and the area in which the borrower lives. It is in your best interest to shop around and compare prices when considering a reverse mortgage. Some of the most common variable...
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No Closing Cost Reverse Mortgage Options are BACK!

You may be asking yourself how that could be a possibility. Most people associate Reverse Mortgages as having high closing costs in order to obtain one because of the 2% Upfront Mortgage Insurance Premium (UFMIP) that is charged by HUD to insure the loan. In fact, that is the number one complaint that you normally hear spoken about Reverse Mortgages...
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