Jun 29
by Sheri Park There are some costs to getting a reverse home mortgage that you need to be aware of. The costs involve four types of fees, plus interest, at the closing of your new mortgage. The four fees are an origination fee, third-party closing costs, mortgage insurance premiums, and a low monthly service fee of $20-30. Many people choose to finance the fee into their mortgage. The interest is determined by the Total Annual Loan Cost and can be compared to the APR (annual percentage ra Read the full article