Housing AffordabilityMay 18, 2022
Did you know?May 24, 2022
And my last installment… 😮💨
Reverse Mortgage Misconceptions
5. Arranging a reverse mortgage is very expensive
This is also untrue. Much like a conventional mortgage, reverse mortgages require you to pay for a property appraisal and independent legal advice. The only additional cost is a one-off closing and administration fee. When compared to the cost of down sizing to a new home, a reverse mortgage is a much more affordable option.