Will I have to pay any fees?

With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed with your loan, so there’s no immediate out-of-pocket cost. The costs are added to the loan amount (“principal”) and paid along with the accrued interest when the loan becomes due. Depending on the loan option you choose, these fees may include an origination fee, closing costs, a mortgage insurance premium (required for HECM loans) and a monthly servicing fee. We will let you know exactly what costs are involved.

Ask us about our Low-Cost Equity Elite pricing option, which eliminates nearly all origination and closing costs.

 

Verified Reviews

(188)

Always Courteous and Responded Timely Larry was recommended by my financial planner. He was always courteous and responded timely. He went to great lengths to make sure I understood the process allowing me to make an informed decision on the plan that would work best for me. He also attended the closing to make sure I wasn't alone. I would recommend Larry to anyone seeking help with a reverse mortgage. Lynn M    

Lynn M — Aug 26, 2016

It Was a Pleasure to Work with Larry It was a pleasure to work with Larry throughout the reverse mortgage process. He gave simple and thorough explanations to my questions, had endless patience and was always kind and happy to offer wise advice. Thank you Larry!    

Sara K — Apr 13, 2020

Reverse Mortgage Review I had many questions and some apprehension about reverse mortgages, but Larry explained everything to me and was very patient with me throughout the whole process. I had contacted other reverse mortgage companies in my research before contacting Larry, and none of them provided the level of professionlism, knowledge, and communication that Larry provided.

Cynthia G — Sep 28, 2022

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