You will pay an origination fee to compensate the lender for processing your HECM loan. A lender can charge the greater of $2,500 or 2% of the first $200,000 of your home's value plus 1% of the amount over $200,000. HECM origination fees are capped at $6,000.
BARTOW â The battery trial for a rapper accused of kicking a 19-year-old woman while he was performing at a concert in Lakeland is scheduled to begin Wednesday morning. Kevin Gates, whose real name is Kevin Jerome Gilyard, could be sentenced to one year in jail or probation, or a combination of both, if convicted of misdemeanor battery. The trial before six jurors is expected to begin at 8:30 a.m. and last through the day. County Judge Sharon Franklin will oversee the trial.
Kevin Gates is currently serving a 30-month prison sentence at East Moline Correctional Facility in Illinois and may be out on parole as soon as January 10, 2018, if all goes well. Gatesâ previous parole date was set for June 22. If parole is granted for the 31-year-old MC, born Kevin Jerome Gilyard, he will be off parole in January 10, 2019, according to the Illinois Department of Corrections website (which inexplicably says he has no tattoos).