One of the financial conditions of getting a reverse mortgage loan is that you must continue to maintain your home and pay homeowners insurance and property taxes. (homebridge.com)
The cost of getting a reverse mortgage loan can be particularly high as origination fees and closing costs are included. (badcreditloanservices.com)
Right now, you can not get reverse mortgages on homes that are to be built by a developer, he says. (rismedia.com)