Appraisal & Inspection
An appraisal and inspection of the home is required, and we will assist with scheduling the appointment. The typical cost of an appraisal is roughly $350-450 in Florida and can take an hour or two. Florida Reverse Mortgage makes no profit on the appraisal, you pay the fees as they are charged by the appraisal company.
Once the home is appraised we can begin the underwriting process, which means we begin the paperwork for final approval.