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  1. The reverse mortgage pays them each month. They get a check. You are right that the fees are very high. $9,000 on a $100,000 loan is not unusual. But they...

    1 Answers · Business & Finance · 28/06/2009

  2. Yes, the origination fee is one of the few things with a reverse mortgage that is negotiable. Most of the other fees are out of the broker's control. Find a good lender who will work...

    2 Answers · Business & Finance · 07/04/2010

  3. ...service, and it should be offered for either a nominal fee or at no charge. Tax-Free Income: One of the advantages of a reverse mortgage is that the money you receive will not be taxed...

    8 Answers · Business & Finance · 17/09/2006

  4. .... As a bank, we sell this product. The great thing about reverse mortgage , all fees are governed by HUD, so going with one lender vs. another...

    2 Answers · Business & Finance · 06/07/2007

  5. ...estate. Does it cost anything out-of-pocket to get a reverse mortgage ? These costs are generally limited to a minimal application fee and an inexpensive credit check. These fees ...

    7 Answers · Business & Finance · 19/03/2007

  6. With a reverse mortgage , the bank either gives you a lump sum of money or monthly...5%. You immediately owe $100K (plus whatever origination fees they charged) and the monthly interest is tacked...

    3 Answers · Business & Finance · 19/03/2014

  7. ...about in what you said. The fees for reverse mortgages are mandated by FHA...home. So really the only downside to reverse mortgages is that someone like you wouldn'...

    5 Answers · Business & Finance · 20/07/2006

  8. The reverse mortgage program was set up by the Federal government to let elderly... are not for everyone. They do have large fees . But if you are 75-80-85, on a fixed income...

    6 Answers · Business & Finance · 01/12/2009

  9. ... if needed. They can be fee heavy and there maybe better options... http://www.aimwithfocus.com/ Reverse _ Mortgage .html Good Luck OBA

    8 Answers · Business & Finance · 06/11/2007

  10. OK, first of all, I do reverse mortgages , and believe me...we do not get a "...negative amortization (gets bigger). Reverse mortgage can be refinanced, paid off...

    9 Answers · Business & Finance · 28/09/2007

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