What are the costs (fees)?

Seniors Reverse Mortgage Costs

Seniors HELOC Costs

Seniors Mortgage Costs

Most of these amounts can be deducted from the loan proceeds so that you are not out of pocket. Fees can vary in unique situations but these are fair estimates. The appraisal* is the only cost that you need to pay for in advance, and this is partially rebated to you at closing.

*Minimum loan amount for free appraisal is $100,000.