Costs of HECM
April 14, 2016
Financial Services
It’s possible to pay for the majority of the expenses of an HECM by financing them, as well as having them paid from loan proceeds. Financing the expenses means that you don’t need to pay for them out-of-pocket. Conversely, financing the expenses decreases the net loan quantity available to you. The HECM for Purchase involves several charges and fees, including: * mortgage insurance premiums (annual …