Larry McAnarney
815-703-4745

Reverse Mortgage Fees

Understanding Reverse Mortgage Fees

Reverse mortgage fees can be daunting to someone first becoming familiar with the reverse mortgage. Reverse mortgage fees are higher than with most other mortgage products, and usually represent between 5-7% of the homes value. Reverse mortgage fees involve several components:

>>Origination Fee
>>Mortgage Insurance
>>Appraisal Fee
>>Various Closing Fees

To learn more about reverse mortgage fees, or to request Information on Reverse Mortgages, please contact a Reverse Mortgages Specialist today. There is no obligation, and the information is free. You may also visit the following link to return to the ReverseMortgage home page.

Verified Reviews

(216)

Recommended by My Financial Planner Larry was sooo patient and guided me through the whole process. My circumstances were more complicated than usual and when I would get frustrated Larry spoke to me in a calming voice and explained that it was part of the process of obtaining approval. Thank you Larry

Sandi C — Jan 18, 2019

We Would Totally Recommend Larry We would totally recommend Larry for your reverse mortgage needs. He walked us through every step making sure we understood what was transpiring. We could reach him easily when we had questions. Larry’s guidance was very helpful and in addition he is a very nice man.

Charles & Sharon T — May 12, 2020

Larry was Simply Excellent to Work With Larry McAnarney was simply excellent to work with, providing complete information on the details and process of a reverse mortgage understandably, patiently and with evident knowledge and experience. Larry was available for questions throughout the process, always responding in a timely and courteous manner. Overall Larry offered an outstanding customer experience

George & Kaori F — Sep 15, 2020