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

(197)

Professionalism & Cordiality Larry deserves 5 stars! Larry handled and explained the reverse mortgage questions promptly from the beginning with professionalism and cordiality. He was very thorough in the coverage of reverse mortgage issues and explained them with clarity and patience. We have relied on his feedback and documentation in order to make decisions.

George & Violet M — Apr 13, 2017

Professional in Every Aspect I want to give a 5 star review! You were very professional in every aspect and provided excellent service in all area's!!

Scott I — Jan 10, 2023

Larry is the Reason We Chose to Proceed Larry McAnarney is the reason we chose to proceed with a reverse mortgage. I had spoken to several individuals with other companies, always feeling after lengthy conversations we were being pressured. After Larry took the time and patience to explain the entire process and had the professional ability to access our financial situation, we knew we could trust and rely on his assistance. Our understanding of the process prior to Larry, was uninformed. We were not pressured in any way and truly feel had a reverse mortgage not been a benefit to us, Larry would have advised us to not pursue a reverse mortgage, even if it meant loosing a client. Larry is a kind, caring and ( very very patient) man. Thank you Larry!

Larry & Joy B — Feb 14, 2020