Eden Lake Township is located in Township 122 North of the Arkansas Base Line and Range 31 West of the 5th Principal Meridian. Demographics As of the census of 2000, there were 1,526 people, 532 households, and 425 families residing in the township.
An average reverse mortgage costs close to $13,000, and is paid from the proceeds of the loan. That being said, closing costs are customizable, with some reverse mortgages costing closer to $2,500.No. The money you receive from a reverse mortgage is yours, and can be used for whatever you like.n average reverse mortgage costs close to $13,000, and is paid from the proceeds of the loan. That being said, closing costs are customizable, with some reverse mortgages costing closer to $2,500.
While HUD (the federal organization charged with regulating reverse mortgages) limits the fee to $6,000, it is based upon the appraised value of the home as well. The fee is 2 percent of the first $200,000 of the value and 1 percent of the second $200,000 of the value.nstead of the borrower paying the bank each month, the bank pays the borrower. Upon the sale of the home, the bank is paid back any principal and interest due on the debt and the seller is given the remaining profit from the sale. There are several closing costs associated with a reverse mortgage loan.