Feb 25 2008
High Cost As Part Of Disadvantages Of A Reverse Mortgage
It has been said from the beginning that high cost is one of the major disadvantages of a reverse mortgage. There are a number of fees associated with approval of a reverse mortgage that adds significantly to this high cost. For instance, there are fees like origination fee, escrow fee amongst others, which enhances the overall price of a reverse mortgage plan. These fees differ from state to state and lender to lender.
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