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Compare Reverse Mortgage Specialists in Belmont, MA

Looking for a reverse mortgage specialist in Belmont? Review the directory below to compare your options.

3 agents listed
Updated May 2026
Belmont, MA
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 Massachusetts before hiring.
Showing 3 reverse mortgage specialists in Belmont, MA Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Fairway Independent Mortgage Corporation
First Floor, 44 Trapelo Rd 3rd Floor, Belmont, MA 02478
6175945406
Superior Mortgage Corporation
30 Church St, Belmont, MA 02478
6174844949
Mortgage, Bank of America
483 Trapelo Rd, Belmont, MA 02478
3396746739

A reverse mortgage specialist in Belmont Massachusetts helps older homeowners access home equity without selling their property. Massachusetts law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Belmont residents often work with specialists who understand local property values and the specific requirements of Massachusetts state regulations.

What Does a Reverse Mortgage Specialist in Belmont Cost?

Typical costs for a reverse mortgage specialist in Massachusetts include an origination fee of up to 2 percent of the home value, capped at 6,000 dollars. Third-party costs such as appraisal, title search, and recording fees range from 1,500 to 3,500 dollars. Counseling fees are usually 125 to 250 dollars but may be waived. These costs are often rolled into the loan balance. This is general information and 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 qualifications should a reverse mortgage specialist have in Belmont?
A reverse mortgage specialist in Belmont should be licensed in Massachusetts and experienced with HECM loans. They must follow state rules including the mandatory three-day rescission period after loan closing. Look for someone who explains all terms clearly and does not pressure you.
How does Massachusetts law affect reverse mortgage terms?
Massachusetts requires that borrowers receive a list of five HUD-approved counseling agencies before applying. The state also limits lender fees and requires that loan proceeds be used to pay existing mortgages or property taxes first. Borrowers retain ownership and must keep up with property taxes and insurance.