Reverse Mortgage Fees - Costs for Reverse Mortgages

Like all loans, reverse mortgages have costs. A major cost is the interest you pay on borrowed money, and there may be other costs as well. Most costs can be bundled with the loan so you do not pay out of pocket.

Some of the most common reverse mortgage fees are:

• Application fees
• Origination fees
• Appraisal fee
• Mortgage insurance
• Title search and insurance
• Credit report fees
• Ongoing service fees