Because reverse mortgages were designed to reduce expenses for seniors, many of the fees are often lumped into the loan amount and paid off when the loan becomes due. When you repay your loan you are paying the loan principle amount, plus interest, and then any origination fees or closing costs that were associated with your loan that you did not pay up front.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.