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Listen "Reverse Mortgage Safeguard #2 - Limitation on Fees"
Episode Synopsis
Fees on a reverse mortgage are limited. Origination fees are capped and can actually be financed as part of the loan. This means a senior incurs very little, if any, out of pocket expense to get a reverse mortgage. As a matter of fact, reverse mortgages are audited to ensure fees are not excessive.
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05/12/2023
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