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.
Ask us about our "Low-Cost HECM" pricing option, which eliminates nearly all origination and closing costs.
Most Helpful-Right Decision I know that I made the right decision using Larry McAnarney. He was most helpful in going through the process of securing a reverse mortgage for me. I had spoken to at least three competitors of Larry, but none were as friendly and to the point as Larry was. Larry made the whole experience of a reverse mortgage pleasant. I would highly recommend Larry to anyone considering a reverse mortgage.
Harold P — Oct 15, 2014
Reverse Mortgage Purchase Program Larry was a great help in helping my mother purchase her new home using the reverse mortgage purchase program. Part of my mother's income comes from French pensions and needed additional verification/proof which was not easy - but Larry was readily available to help simplify the process and explain the details. I would definitely recommend using Larry for anyone looking into getting a reverse mortgage. He is straightforward and trustworthy. Thanks again!
Olivier D — Mar 14, 2018
Fantastic at What He Does I think that Larry McAnarney is fantastic at what he does and wonderful person in and out. I don’t know what I would have done without his help. I would recommend him to anyone looking for reverse mortgage information.
Dolores P — Mar 13, 2017