Larry McAnarney
815-703-4745

Reverse Mortgage Fees

Understanding Reverse Mortgage Fees

Reverse mortgage fees can be daunting to someone first becoming familiar with the reverse mortgage. Reverse mortgage fees are higher than with most other mortgage products, and usually represent between 5-7% of the homes value. Reverse mortgage fees involve several components:

>>Origination Fee
>>Mortgage Insurance
>>Appraisal Fee
>>Various Closing Fees

To learn more about reverse mortgage fees, or to request Information on Reverse Mortgages, please contact a Reverse Mortgages Specialist today. There is no obligation, and the information is free. You may also visit the following link to return to the ReverseMortgage home page.

Verified Reviews

(233)

Easy to Accomplish All of the information and steps we presented were easy to accomplish. Larry made available all the answers and other persons to ease the process and achieve the desired outcome. It’s a smooth process! .

Chuck & Lisa N — Jun 26, 2023

Informative & Professional I worked with Larry McAnarney and he was very informative and professional. Everything went smoothly with the reverse mortgage and I was very pleased with the transaction.

Mark G — Mar 27, 2019

Fast and Painless Process I still can’t believe how fast and painless the process was. During the reverse mortgage process Larry was easy to work with. He patiently responded to every question I asked him, day or night. Larry is very knowledgeable of the process and made it easy for us to understand. We always felt comfortable during the process and he made us feel like we were his only client. From initiation to closing we were completed in six weeks. We highly recommend Larry for reverse mortgage needs.

Richard & Jean A — Apr 29, 2020