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Reverse Mortgage costs are always a topic of discussion for those contemplating tapping home equity through the use of a reverse mortgage loan. At first blush the costs seem high compared to what we are used to with a traditional "forward" mortgage loan. However, one must consider the costs of selling...usually 5 to 6%, the cost of relocation to another domicile, sometimes improvements to the existing home before it can be listed for sale...the list goes on and on. So, please look closely at the overall costs of getting a reverse mortgage so you can age in your own home versus moving, downsizing or moving in with your children. Yes, the costs are higher than what you expected, but are they higher than the price of the trade offs mentioned above?