FHA has announced changes to the mortgage insurance rates for the reverse mortgage program. If you would like this information, comment below and I will get it to you.
| Posted on |
Rule Synopsis: [tweet-start]FHA announces changes to the HECM/Reverse Mortgage program mortgage insurance rates. Contact me for details![tweet-end] The revisions described below are necessary to help stabilize the HECM program, improve its financial health, and ensure that it remains a resource for senior borrowers. Initial and Annual Mortgage Insurance Premium (MIP) Rates: The initial MIP rate […]