How do the upfront costs differ for each of the reverse mortgage types available?
All of the costs and fees for each of the available reverse mortgagesFHAs HECM , Fannie Maes Homekeeper and Financial Freedoms Cash Account(s) –are preset by the agencies that back them . Although these cost and fees are different, one-from-the other, they are each regulated by their respective sponsoring agency so all mortgage originators charges will be the same to you. However, costs and fees charged for services not controlled by the mortgage originator, such as escrow and title fees, may vary slightly. I am always happy and eager to provide you with comparable reverse mortgage availabilities and quotes prior to arranging the one you choose!
