A reverse mortgage specialist in Greenbelt Maryland can help homeowners aged 62 and older convert home equity into cash. Maryland law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. This service is available to residents of Prince Georges County and surrounding areas.
What Does a Reverse Mortgage Specialist in Greenbelt Cost?
Typical costs for a reverse mortgage specialist in Maryland include an origination fee of up to 2 percent of the home value with a cap of 6000 dollars. Other costs include a mortgage insurance premium of 2 percent of the appraised value plus annual premiums of 0.5 percent. Third party fees for appraisal title and recording can range from 1500 to 4000 dollars. These costs vary by lender and loan type. 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.
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Reverse Mortgage Specialists in Other Maryland Cities
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