What are the Costs Involved with a Reverse Mortgage?

Reverse Mortgage FAQ >>> What are the Costs involved with aquiring a Reverse Mortgage?

The costs will depend on the program you have selected. Fees can be financed into the loan. Fees may include the appraisal, title insurance, loan origination, escrow and recording fees and mortgage insurance with the FHA insured program. All reverse mortgages have monthly servicing fees typically ranging from $25 per month to $35 per month, added to the loan balance. You must shop around to find the Reverse Mortgage Specialist that will give you the best option.