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

(233)

We Loved the Personal Touch We had talked to other reverse mortgage companies, but it was always over the phone. We liked the fact that Reverse Mortgage Funding had someone come to our house. We loved the personal touch. Our loan specialist Larry McAnarney did an outstanding job explaining the reverse mortgage process. He was just wonderful to work with. He kept us up to date with how the process was going with email and phone calls. We highly recommend him and RMF to anyone thinking about a reverse mortgage.

Casey & Sandra C — Mar 8, 2019

Reverse Mortgage Purchase Program Larry was a great help in helping my mother purchase her new home using the reverse mortgage purchase program. Part of my mother's income comes from French pensions and needed additional verification/proof which was not easy - but Larry was readily available to help simplify the process and explain the details. I would definitely recommend using Larry for anyone looking into getting a reverse mortgage. He is straightforward and trustworthy. Thanks again!

Olivier D — Mar 14, 2018

I Give Larry 10 Stars! We looked at the reverse mortgage as a way to help increase our monthly income. We initially looked at selling our home but decided we really wanted to stay in our home. We were given Larry’s name by a Realtor and the rest is history. There were challenges that needed to be overcome, but Larry helped us through everything. I would recommend him to anyone. I give him 10 Stars!!

Tim & Carol M — Mar 5, 2019