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.
Very Professional Larry answered all of our questions and returned all our calls promptly. He did not pressure us in any way. As a financial professional myself, I would recommend Larry highly.
Roy & Elaine P — Jan 19, 2018
Clone Larry! When we met Larry McAnarney, it did not take long to feel comfortable. There was no high pressure feeling; he answered our questions and put us at ease. Larry was great! Our Hud counselor, and the gentleman who did our closing were very good, too. Only one problem.....we should have done it sooner. Larry gets SIX stars. Bernice and Dave
Bernice & Dave L — Oct 28, 2014
Professional, Knowledgeable, Responsive Larry was terrific. Very professional, knowledgeable and responsive.
John & Carol L — Oct 27, 2016