Hard Money Loans

The Federal Housing Administration isn’t talking publicly about it, but the agency may be getting ready to lessen the upfront costs of home-equity conversion mortgages for some borrowers. In a recent conference call with industry participants, FHA officials said they were finalizing plans to offer an HECM with almost no upfront mortgage insurance premium attached, according to the National Reverse Mortgage Lenders Association. “We are still working out the details,” a spokesman for the U.S. Department of Housing and Urban Development said.

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