Michigan – Highlands Residential Mortgage – The relationship between the amount of the mortgage loan and the appraised value of the property expressed as a percentage. Mortgage Insurance (MI) Cost of insuring the mortgage when the down payment is less than 20 percent. origination fee. What the lender charges the borrower for making the mortgage loan.

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Find a Lender – Reverse Mortgage – Use the search tool below to locate lenders in your state (specifically the state in which the property is located). All lenders are members of the National Reverse Mortgage Lenders Association, licensed to originate reverse mortgages in the states in which they are listed,and have signed NRMLA’s Code of Conduct & Professional Responsibility

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