How much does the reverse mortgage process cost?
Like a traditional mortgage, a reverse mortgage will have costs associated with setting up the mortgage. Some of the more typical fees are an origination fee, appraisal fee, title policy fee, recording fee, document preparation fee, servicing fee. These fees can be financed into your loan, thus eliminating any large outlay of cash from your funds. When we work up your loan options we can provide your with a detailed list of fees for your scenario. |
