If there has ever been a complaint over the years is that
closing costs are high. That complaint is valid. The Jumbo Reverse Mortgage
plans address that issue by offering lower closing costs.
The monthly service fee ranges from $20.00 to $35.00 depending on the program you select.
You will be provided
a good faith estimate and an itemized estimate of closing costs.
Most closing costs can be funded by the proceeds from
your Jumbo California Reverse Mortgage loan upon request.
No application
fee, deposit or any other up front fee.
No
annuity purchase or investment of any kind is required in conjunction with a reverse mortgage.
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