Reverse Mortgage Examination Guidelines - CSBS
The new $625,500 maximum, however, represents a significant increase over the $362,790 limit that was in effect prior to the Stimulus Package. Mortgage Insurance Premium – Under the HECM program, homeowners are charged a mortgage insurance premium (MIP), equal to 2 percent of the maximum claim amount, or home value, whichever is less, plus an ... ................
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