Fees and Interest Rate

The only thing you really need to be concerned with is the bottom line fees for Home Equity Conversion Mortgage (which is the program used for 90% of reverse mortgages). Why? Because the Department of Housing and Urban Development (HUD) dictates the interest rate and terms for the HECM. So, except for the fees, the HECM program is exactly the same no matter which lender you choose. Lenders can change only the fees that are charged.

How do you determine the fees and compare apples-to-apples? Ask for the Good Faith Estimate (GFE). This is a legal document required by the Department of Real Estate that lenders must use to quote all of the fees.

I will offer you the lowest, bottom-line fees for the HECM.
Click here to read the few exceptions that may apply.

Call me, Luke Helm at (toll free) 1-866-311-3360 or complete this form to get your no-obligation heavily discounted HECM reverse mortgage quote.

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