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reverse mortgage was initiated in 2012 for 100,000 lump payment desire to pay off RM what is the cost? Thanks Dan E

by writersubrosa381 from , California. Dec 13th 2016 Reply


Sara Deere (Mortgagequeen2)
#15 ranked lender in Missouri - 608 contributions

The principal balance at the time of making payment which includes the $100K, all interest that has accumulated, and the mortgage insurance premium amount that also has accumulated. The servicer who sends out the statements should be able to tell you the exact amount for payoff depending when and how you make the payment.

Dec 14th 2016
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