Are Reverse Loans Expensive?

Reverse Mortgage Blog

Fees for a Reverse Loan

April 17, 2019

One often repeated opinion about reverse loans are that they are very expensive, but that is not entirely true. Read more at the following link to get a better understanding of the costs and fees associated with using reverse loans. https://www.reverseloanconsultant.com/

Lorraine Jones

This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.

*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.

Lorraine Jones

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Fees for a Reverse Loan

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