What is the Average Reverse Mortgage Cost?
A reverse mortgage is one of the best financial options available to those who qualify. When considering your reverse mortgage options, it is always a good idea to consult national averages. According to financial information collected from across the country, the national average reverse mortgage cost is just under $14,000. This figure includes Mortgage insurance (which is often required), origination fee, title insurance, real estate appraisal, and surveyor’s fee.
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