AT North Point Financial, we aim to make your reverse mortgage as close to a no cost loan as we can. Historically, we pay most of the fees out of Broker commissions, and NOT add the fees to your loan balance. Here is an example of a settlement statement from a recent Reverse Mortgage brokered by North Point Financial. You can see in red how much the broker contributed to the closing cost and the client was only paid $291.00.
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North Point Financial is a Real Estate Broker – Broker license numbers: NMLS (985055 and 974889), Cal BRE (0662853) Cal Contractor- General, Electrical and Plumbing #381401 These materials are not from HUD or FHA and were not approved by HUD or a government agency. Copyright © 2017 North Point Financial. All rights reserved.