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)

Larry was our loan officer Larry was our loan officer. He gets a 5-star review from us. Going through this whole reverse mortgage process from beginning to end was very stressful at times. I had a million questions for Larry, and he took the time to answer and explain every question with an explanation as well. I would recommend him 100%

Bill & Julia A — Jul 27, 2022

Made Me Feel Comfortable Larry was very patient,explained everything..answered all questions..he made me feel very comfortable about doing a reverse mortgage... thank you Larry for all your help.

Darlene W — Nov 14, 2014

Larry was Very Helpful Larry McAnarney was very helpful in getting my reverse mortgage. It was a new experience for me and he never refused a call or a question and guided me where I needed to be. Very informative, friendly. I did not feel like I was being talked to as a child but more of a friend. I will recommend him to anyone who should ask.

Elizabeth H — Jan 31, 2022