What are the servicing fees for a reverse mortgage?

Talk to one of our reverse mortgage advisors. They will help you understand how much you can expect to get and answer any questions you may have. There are plenty of other financial options available. Explore these nine top alternatives to reverse mortgages to discover which option is right for you. A reverse mortgage is a special type of mortgage loan designed for homeowners who are 62 years of age and older. It is a loan against the home that does not ... What is a Reverse Mortgage? • Home Equity Conversion Mortgage (HECM):. Borrower gets cash in exchange for home equity. (Equity is the value of your ownership. Feb 18, 2020 ... Costs & Who Pays · You must be age 62 and older · Unlike a traditional mortgage, you do not have to provide an income or credit history to get ... Federal regulations and North Carolina law require reverse mortgage loan applicants to receive reverse mortgage counseling from an approved counseling agency. Reverse Mortgage; icon Your Fair Housing Rights/File Complaint. Use the criteria below to narrow your search results (optional):. Agency Name. Counseling Method. "Reverse mortgage loan" means a loan: (1) made to a borrower wherein the committed principal amount is paid to the borrower in equal or unequal installments. In New York, there are two types of reverse mortgage loans available to senior borrowers. The first, referred to as a HECM reverse mortgage (or 280-b), is a ... We are proud to be America's leading HUD-approved reverse mortgage lender, consistently achieving a stellar 4.99/5 star rating for our impeccable service.