Reverse Mortgage Lenders Cut Loan Fees
April 19, 2010
One of the main reverse mortgage disadvantages we covered last year was the high upfront cost charged by lenders. Although they’re not doing away with them altogether, companies like Genworth Financial, Bank of America, Wells Fargo, and MetLife are reducing their origination or servicing fees on reverse mortgages according to the Wall Street Journal. Reverse […]
