- A deposit for the appraisal is an out-of-pocket cost
- There are additional closing costs which may be financed as part of the loan, such as:
- Title insurance
- Mortgage insurance premiums
- Attorney fees
- Fees and reverse mortgage calculations are tied to fixed or variable rates, as well as a margin and an index. Your Family First Funding reverse mortgage specialist will provide you with your exact fees and interest rates according to what it would be for your particular situation.