What's the Average Cost of a Reverse Mortgage?

Here in Florida, I think we're probably in the most expensive state in the country to do it for a number of reasons. We've got some real estate transactional taxes associated with mortgage transactions. You'll look at the reverse mortgage and you've got a max origination charge of $6,000. And then you have your standard third-party closing costs where there's just a ton of line item third- party closing costs you're going to deal with. But people get caught up in this idea that reverse mortgages are very expensive for what you get. It totally depends on your situation and the structure of the loan.