Reverse Mortgage Analyst
Retirement planning made easy. Plan a happy retirement with the best retirement calculator - plus useful info on investments, annuities, retirement jobs, home equity and much more
Actived: Saturday Nov 28, 2020
Ibis Reverse Mortgage Analyst
Details: Less HUD mortgage insurance: Less loan origination fee: Less third-party closing costs: Less service fee set-aside: HECM funds available after closing: Purchase price of your new home: less your new mortgage debt: Equity in your new home: HECM: 1-mo. LIBOR: Monthly: $350,000-0 $0: 0.152% 2.200% 2.352% 0.50%
› Verified 2 months ago
› Url: https://rmc.ibisreverse.com/rmc_pages/rmc_hfhp/rmc_hfhp_2.aspx Go Now
Summary of Loan Terms - rmc.ibisreverse.com
Details: The effective loan rate below equals the interest rate index used by the program plus a lender's margin (which varies among lenders on adjusting-rate HECM's). HECM adds another one and a quarter percent (1.25%) for mortgage insurance.
› Verified 5 days ago
› Url: https://rmc.ibisreverse.com/rmc_pages/rmc_nrmla/nrmla_summary.aspx Go Now
Details: HECM reverse mortgages that are assigned HUD case numbers on or after Monday, October 4, 2010, will have their ongoing Mortgage Insurance Premium (MIP) increase from 0.50% per annum to 1.25% per annum.MIP is not interest, but it affects loan balance accruals the same way, so this is effectively an interest rate increase of 3/4 of one percent.
› Verified 6 days ago
› Url: https://rmc.ibisreverse.com/rmc_pages/rmc_ibis/ibis_index.aspx Go Now