Robbing Peter to Pay Paul: Friday’s Food for Thought

[ad#Kirchmeyer]

[vimeo id=”34971652″ width=”625″ height=”352″]

Increased FHA premiums

Reverse Mortgage Borrowers May See Increased Insurance Premiums
It’s a consequence of the payroll tax cut extension: increased FHA premiums. Reverse mortgage borrowers may see increases of ongoing insurance premiums. Should borrowers bear the burden for a tax cut for working Americans?

Increased FHA Premiums, Reverse Mortgage Borrowers Insurance Premiums

2 comments

David White January 13, 2012 at 8:53 am

MIP charges already keep some people from buying a home or doing a reverse mortgage. Assuming that the average person changes their home every 7 years, 14% of homeowners are carrying the tax load for the entire workforce.

Reply
The_Cynic January 13, 2012 at 3:06 pm

I am a little lost on your comment. There were other offsets as well. FHA insurance was just one.

Reply

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

HECMWorld.com uses cookies to improve user-experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Cookies View Policy

DON'T MISS OUT!
Subscribe To Our Newsletter
Be the first to get latest Reverse Industry updates and exclusive HECMWorld.com content straight to your email inbox.
Your information will never be shared.
close-link