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 Maryland before hiring.
Showing 5 reverse mortgage specialists in Laurel, MD
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Mariner Finance
3421 Laurel Fort Meade Rd, Laurel, MD 20724
3013620760
OneMain Financial
14196 Baltimore Ave, Laurel, MD 20707
3014981100
Access Financial Mortgage Corp
14504 Greenview Dr, Laurel, MD 20708
4434944001
Diamond Financial Mortgage
8645 Cherry Ln, Laurel, MD 20707
3014839900
Concord Mortgage
8441 Winding Trail, Laurel, MD 20724
2404616724
What Does a Reverse Mortgage Specialist in Laurel Cost?
Typical costs for a reverse mortgage specialist in Maryland include an origination fee up to 2 percent of the home value capped at 6000 dollars. Third-party costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. Mortgage insurance premiums are 2 percent of the appraised value upfront plus 0.5 percent annually. These costs are often 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 are the age requirements for a reverse mortgage in Laurel Maryland?
Borrowers must be at least 62 years old. If married the younger spouse must also meet the age requirement to be listed on the loan. Maryland law does not change this federal HUD rule.
Do I need counseling before getting a reverse mortgage in Maryland?
Yes Maryland requires all borrowers to complete a counseling session with a HUD-approved counselor. This session must occur before you submit a loan application. The counselor explains costs risks and alternatives.
Can I lose my home with a reverse mortgage in Laurel?
You can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Maryland law provides a 30-day notice period before foreclosure proceedings begin. You must keep the home as your primary residence.