Will I have to pay any fees?

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. We will let you know exactly what costs are involved.

Ask us about our Low-Cost Equity Elite pricing option, which eliminates nearly all origination and closing costs.

 

Verified Reviews

(214)

Excellence! I am very impressed with the work everyone involved put into my reverse mortgage. I felt fully informed going through this process and every question was answered completely and quickly. I would recommend Larry to anyone who asks about getting a reverse mortgage.

Diane S — Aug 30, 2022

Made Us Feel Comfortable Larry explained everything so we understood it, answered all our questions, and made us feel comfortable going forward. .

Joe & Sandy F — Apr 30, 2023

Delight to Work with Larry Larry McAnarney was such a delight to work with. He handled everything with professionalism, but was also very personable, which helped calm a lot of nerves. All my questions were answered satisfactorily, and throughout the process, Larry kept me informed and updated, and he kept to his word at all times. I have a check in the bank and can now do what I had initially needed this reverse mortgage for. I am so glad he was recommended to me, and I now recommend him to anyone who needs assistance with reverse mortgage. .. it's definitely not as scary as we all are made to think! Thank-you Larry... God bless you!!!

Nancy M — Jul 22, 2016

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