Curious about the real cost of a reverse mortgage in Canada? This post breaks down everything you need to know about reverse mortgage fees, interest rates, and closing costs, so you can make an informed decision. You will learn about upfront expenses like appraisals and legal fees, as well as ongoing interest charges and possible prepayment penalties. If you want a clear, honest look at the pros and cons of reverse mortgages and how they compare to other options, this guide will help you understand what to expect before you commit.