Are origination fees on reverse mortgages set by fha?

Answer The origination fee associated with a reverse mortgage is set by the originating lender, which may or may not be FHA. However, if the borrower is purchasing a FHA reverse mortgage, the origination ... Read More »

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What is the origination fee for mortgages?

The mortgage broker origination fee for a mortgage loan is 1 percent of the amount of the loan. That covers the loan company's cost of processing your loan and their business-related expenses.Reaso... Read More »

Are origination fees tax deductible?

When purchasing a mortgage or refinancing one, many borrowers look to deduct some of the closing costs from their tax bill. However, the only cost associated with a mortgage closing that is tax ded... Read More »

What Are Underwriter Fees on Mortgages?

Before approving your request for a mortgage loan, banks and lenders want to make sure that you can afford your new monthly home loan payments. That's the job of the bank's underwriting department.... Read More »

Are all reverse mortgages the same?

A Home Equity Conversion Mortgage, also called a reverse mortgage, allows seniors to borrow from the equity in their homes without payments. There are two different types of reverse mortgages, priv... Read More »