Oregon Reverse Mortgage Info

FHA announced the Up Front Mortgage Insurance Premium (UFMIP) would change in April for FHA purchase money and full credit and streamline refinances with an increase of 50 basis points, or an increase of 1/2 percent from 1.75% to 2.25%. There is no change in the UFMIP for reverse mortgages with this announcement. This could change and have an effect on Oregon Reverse Mortgages in the future, but for now, no news is good news.

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At least for now, the UFMIP will be the same as before for Reverse Mortgages.

Contact Us

If you have questions about a Reverse Mortgage, please contact one of us today at 541-342-7576. Alpine Mortgage Planning is located at 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. You can also e-mail Laurie here or Fred here. We are here to help you make the decision that is right for you. Reverse Mortgages are not for everyone, but they are an excellent choice for some people. Isn’t it time that you checked out the advantages of a Reverse Mortgage?

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