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How much does an FHA Reverse Mortgage cost?

April 26, 2017COST FHA reverse mortgage

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How much does an FHA Reverse Mortgage cost?

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While lender fees and costs are similar to a regular mortgage, you’ll notice that the overall costs are higher. This is mostly due to the FHA Mortgage Insurance Premium paid in order to get your Reverse Mortgage. This money insures your loan and pays for this loan program to exist.