Interested to know exactly how much you’d qualify for with one of these products? Use Bank of America’s reverse mortgage calculator to find out. ![]() Other flexible options: option to refinance without extra cost, option to draw more cash regardless of credit line.īorrowers for either the HECM or the Senior Equity Reverse Mortgage are required to pay for fees associated with the loan processing and closing fees, between $2,000 and $10,000.
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