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Two Florida reverse mortgage companies adjust to changing market with merger  · The Department of Housing and Urban Development on Tuesday shook the reverse mortgage world with new rules regarding mortgage insurance premiums and principal limits. While the industry continues to sort out the exact effects – many of which may not be known until after the first months of endorsement data come in after implementation on October 2 – here’s what we do know.

Use our free Florida mortgage calculator to quickly estimate your closing expenses on your. This is NOT a mortgage loan approval or commitment to lend.

Use this Florida mortgage calculator to determine your monthly home payment using real mortgages, and local data on insurance, PMI and real estate taxes.

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Pros of a Reverse Mortgage. No repayment if the home is your primary residence and you stay current on property taxes, insurance, and home repairs.

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