HECM

You can pay for most of the costs of a HECM by financing them and having them paid from the proceeds of the loan. Financing the costs means that you do not have to pay for them out of your pocket. On the other hand, financing the costs reduces the net loan amount available to you... The HECM loan includes several fees and charges, which includes: 1) mortgage insurance premiums (initial and annual) 2) third party charges 3) origination fee 4) interest and 5) servicing fees. The lender will discuss which fees and charges are mandatory... WHAT WE DO Housing Avoiding Foreclosure Buying a Home Home Improvements Homes for Sale HUD Homes Senior Citizens Homelessness Veterans Fairness Fair Lending Housing Discrimination Disabled Persons Rental Assistance Housing Choice Voucher Program (Section 8) Search for an Apartment Contact a Housing Counseling Agency REAC Property and Unit Inspection Climate Climate Action Plan

Primary location: Washington United States