Reverse Mortgage Concepts » Mortgage broker

4.99% with 1.25% MIP or 5.56% with .50 MIP?

Michael Manfredi — Thu, 30 Sep 2010 19:59:17 +0000

by Michael Manfredi (888) 697-5556 It's really a personal decision as to whether or not to chose the newer MIP of 1.25% vs. .50%.

Reverse Mortgage Concepts Pays Up Front MIP

Michael Manfredi — Wed, 04 Aug 2010 16:01:30 +0000

Reverse Mortgage Concepts, an Arizona reverse mortgage broker is quoting fixed rate, FHA reverse mortgages with 100% lender paid MIP

FHA Insured Reverse Mortgage Monthly Premiums to Rise

Michael Manfredi — Tue, 27 Jul 2010 17:22:58 +0000

A recent new bill, HR5702, designed to give the FHA the power to regulated monthly insurance fees added to a borrower's loan balance was received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs on June 10, 2010.

Lowest Reverse Mortgage Fees

Michael Manfredi — Mon, 26 Jul 2010 17:11:40 +0000

With a very healthy secondary market for these loans, lender premiums have increased to the point where it just made good sense to use these credits to pay borrower fees and closing costs

Reverse Mortgages and Annuities

Michael Manfredi — Tue, 13 Jul 2010 06:54:50 +0000

While I agree that a reverse mortgage is not right for everyone, I also see evidence that only a small number of homeowners trust them or the potential opportunities they create. Not everyone uses them to pay off bills or help out a friend. I have recently had reverse mortgage clients use the proceeds of [...]