Reverse Mortgage Blog - Michael Brouse - NorCal Reverse Mortgage

Reverse Mortgage Blog

Why Do Reverse Mortgages Seem Expensive?

February 18, 2025

Many people ask, “Why do reverse mortgages cost so much?” The truth is, all the fees fall into three main buckets—each serving a specific purpose.

Is Now the Right Time for a Reverse Mortgage?

February 17, 2025

Have you noticed that just about everything is getting more expensive? From gas and groceries to homeowner’s insurance and even family travel, the cost of living continues to rise.

Having worked in the mortgage industry for over 20 years, I understand it well & love helping seniors explore options in retirement using a reverse mortgage as a vehicle to achieve their retirement go...

This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.

*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.

Michael Brouse

Manage My Site

NMLS Consumer Access

Disclosures & Licensing

Texas Consumers: How to file a complaint | Do not sell my personal information

Please note that applications, legal disclosures, documents or other material related to Rate products or services promoted on this page are offered in English only. The Spanish translation of this page is for the convenience of our clients; however, not all pages are translated. If there is a discrepancy between the content of the translated page and the content of the same page in English, the English version will prevail.

Guaranteed Rate, Inc. d/b/a/ Rate may choose to recommend Rate Insurance, LLC. Guaranteed Rate, Inc. d/b/a/ Rate has 100% ownership and a direct or indirect financial interest in Rate Insurance, LLC. You are not required to use Rate Insurance, LLC.

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Refinancing your mortgage may increase costs over the term of your loan. Restrictions may apply.

Savings, if any, vary based on the consumer’s credit profile, interest rate availability, and other factors. Contact Rate for current rates. Restrictions apply.

Copyright © 2024 Guaranteed Rate, Inc. D/B/A Rate. All rights reserved.
NMLS License #2611 - For licensing information, go to: www.nmlsconsumeraccess.org
Arizona Mortgage Banker License #0907078
3940 N. Ravenswood Ave Chicago, IL 60613
Operating as Guaranteed Rate, Inc. in New York.
The company name, Guaranteed Rate, should not suggest to a consumer that Guaranteed Rate provides an interest rate guaranteed prior to an interest lock.

Loan Calculator
Blog
Contact Us
(707) 285-0504

Why Do Reverse Mortgages Seem Expensive?

Is Now the Right Time for a Reverse Mortgage?

Equal Housing Lender CMPS

Seasoned Reverse Mortgage Specialist serving Petaluma, CA and all of Northern California.