By John Krajsa AFC Reverse Mortgage A lot has been said about high closing costs in a reverse mortgage due primarily to the up front initial FHA insurance premium. What is sometimes not pointed out is that, particularly with regard to adjustable rate reverse mortgages, interest rates are low due in large part to the [...]
Archive for October, 2011
Closing Costs in a Reverse Mortgage
Posted in Uncategorized, tagged Closing Costs, FHA, FHA Insurance Premium, Reverse Mortgage, Reverse Mortgage Closing Costs on October 12, 2011 | Leave a Comment »
Counseling Improvements
Posted in Uncategorized, tagged FHA, FHA Counseling, FHA Reverse Mortgage, Mortgage Counselor on October 5, 2011 | Leave a Comment »
By John Krajsa AFC Reverse Mortgage A recent article in a national publication noted that a homeowner was not happy with reverse mortgage counseling obtained in 2006. What the article did not point out is that since 2010 the FHA Reverse Mortgage counseling program has been completely revamped. A new FHA protocol has been issued [...]
