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What are the costs involved with a reverse mortgage?

April 26, 2017costs involved reverse mortgage

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What are the costs involved with a reverse mortgage?

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As with a regular mortgage loan, there are closing costs involved with a reverse mortgage as well. These fees can be financed into the loan, and typically include the cost of the appraisal, title insurance, loan origination, and escrow and recording fees. A Residential Reverse Mortgage representative will be happy to provide you with a good faith estimate of the cost involved.