Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the State Mortgage Licensing Authority of Connecticut before hiring.
Showing 5 reverse mortgage specialists in Danielson, CT
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
NorthStar Home Loans- NMLS 1775759
157 Main St, Danielson, CT 06239
(860) 792-4654
nstarhomeloans.com
Angela Tourville | Mortgage Loan Officer | NMLS# 1702059
7 Center St, Danielson, CT 06239
(413) 302-2215
athomewithangelatourville.com
Todd Cooke - AnnieMac Home Mortgage
7 Center St, Danielson, CT 06239
(860) 230-5494
mylendertodd.com
What Does a Reverse Mortgage Specialist in Danielson Cost?
Typical costs for a reverse mortgage specialist in Connecticut include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Third party costs such as appraisal title insurance and recording fees usually range from 2000 to 5000 dollars. Connecticut also charges a mortgage recording tax of 0.28 percent of the loan amount. These costs can be financed into the loan. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What is a reverse mortgage specialist in Danielson Connecticut?
A reverse mortgage specialist is a licensed professional who helps homeowners aged 62 and older understand and apply for Home Equity Conversion Mortgages HECM. They explain Connecticut specific rules such as the mandatory counseling requirement and how local property taxes affect loan eligibility.
Do I need to own my home free and clear to get a reverse mortgage in Danielson?
No you do not need to own your home free and clear. However any existing mortgage must be paid off with the reverse mortgage proceeds. In Connecticut you must also have enough equity to cover the new loan plus closing costs and still have remaining funds available.
What are the Connecticut specific requirements for a reverse mortgage?
Connecticut requires all borrowers to attend a counseling session with a HUD approved agency before applying. The state also mandates a three day right of rescission after closing. Additionally Connecticut law protects surviving spouses who are not on the loan under certain conditions.