No Fee Reverse Mortgage

One of the biggest myths of a reverse mortgage is that they are expensive and require out of pocket money. Many national reverse mortgage lenders offer reverse mortgages that require ZERO out of pocket cost from borrowers. Of course, borrowers must meet the FHA reverse mortgage requirements.

One must realize that the term, "No Fee" or "No Cost" is not entirely accurate but is still used by many people today. There is no such thing as a free lunch in today's world.

In a "No Fee" or "No Cost" reverse mortgage, the fees and other costs associate with the loan is bundled directly into the reverse mortgage loan, thus, requiring no out of pocket cost from borrowers.

Contact one of our licensed reverse mortgage agents today to learn how you can get more info on a reverse mortgage today.