Dwdonhoff writes,

The actual final cost of money from a reverse mortgage can only be determined by the eventual measure of appreciation from today forward until the senior passes away or moves out & the heirs re-sell the home... but in no realistic case will the final actual interest collected from the proceeds come anywhere near the initial fixed rates of 4.5% to 5%...

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I'm always interested in a detailed accounting of the fees and costs associated with any financial scheme. Interest rates and home values go up and down, but the money you lose to the mortgage company and financial advisor in fees & commissions is gone forever.

intercst