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.