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MIP
MIP, or Mortgage Insurance Premium, is a fee paid by homeowners who take out loans backed by the Federal Housing Administration (FHA).
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Mortgage Interest Rate Index
When you apply for a reverse mortgage, lenders must conduct...
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Recent Articles
What Is a Reverse Mortgage and How Does It Work?
Reverse mortgages are becoming an increasingly popular way to tap into your home’s equity. In fact, in 2021, reports showed that a...
What’s the Average Monthly Retirement Income in 2021?
Understanding Monthly Retirement Income Needs As you prepare for retirement, you may wonder if your savings are on track to maintain your...
When Is the Best Time to Get a Home Equity Conversion Mortgage?
You've built all this equity in your home over the years, but when is the right time to access it? If you're in the golden years of your...