Reverse Mortgage Fee Breakdown
Wondering how much it costs to get a reverse mortgage? This was a popular question among our clients, so ReverseMortgages.com put together an infographic with all the potential fees you might encounter when applying for a reverse mortgage.
Common costs include an origination fee, mortgage interest premium (MIP), third-party charges, and interest. However, the good news is that in most cases these expenses are financed directly into the loan to avoid out-of-pocket fees.