Your dedicated reverse mortgage professional will explain all the costs relating to your loan. We want to ensure you feel totally comfortable about the reverse mortgage process and the costs involved. There are some costs that accrue on your reverse mortgage, almost all of these are paid when you sell or leave your home. The fees that will be added to the amount you owe include an origination fee, closing costs, mortgage insurance premium, and servicing fees. However, the only cost that must be covered 'out of pocket' is the appraisal, which typically ranges from $350-$450. All other costs are paid from the loan proceeds at the time of closing. If you'd like to receive our helpful DVD, which we'll send to you for free, click on the link or call us on the number provided. The DVD features Former Senator Fred Thompson, and we'll send it to you along with a brochure about how a reverse mortgage could help your circumstances.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.