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 2 reverse mortgage specialists in Bridgewater, 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.
Jeff Drew NMLS#41456 at Motto Mortgage Pinnacle
525 Bedford St Suite 8 Unit 1, Bridgewater, MA 02324
5084437886
Joseph Wright Milestone Mortgage Solutions
525 Bedford St Suite 8 Unit 1, Bridgewater, MA 02324
7742600620
What Does a Reverse Mortgage Specialist in Bridgewater Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee of up to 2 percent of the home value an upfront mortgage insurance premium of 2 percent of the appraised value and third-party closing costs such as appraisal title search and recording fees. These costs often range from 5000 to 15000 depending on the home value 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.
Frequently Asked Questions
What is a reverse mortgage specialist in Bridgewater Massachusetts?
A reverse mortgage specialist is a licensed professional who helps seniors understand and apply for HECM loans. In Massachusetts they must follow state regulations including a mandatory counseling session with a HUD-approved counselor before loan approval.
What are the age requirements for a reverse mortgage in Massachusetts?
Borrowers must be at least 62 years old to qualify for a reverse mortgage. All homeowners on the title must meet this age requirement. Massachusetts follows federal HUD guidelines for age eligibility.