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 4 reverse mortgage specialists in Brookline, 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.
Olive Tree Mortgage Solutions, Inc
235 Cypress St Sutie C1, Brookline, MA 02445
8009012314
New Silver
255 Cypress St, Brookline, MA 02445
8558445626
Assume Loans LLC
202 Washington St Suite 323, Brookline, MA 02445
6175841111
Teodor Tijan - Chase Home Lending Advisor - NMLS ID 105185
1364 Beacon St, Brookline, MA 02446
7815894411
What Does a Reverse Mortgage Specialist in Brookline 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 6000 dollars. Third-party costs such as appraisal title search and recording fees range from 1500 to 4000 dollars. HUD counseling costs about 125 to 250 dollars. 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 are the eligibility requirements for a reverse mortgage in Brookline Massachusetts?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and meet HUD property standards. Massachusetts law also requires you to complete a counseling session with a HUD-approved counselor.
How does Massachusetts law affect reverse mortgage proceeds?
Massachusetts law does not tax reverse mortgage proceeds as income. However the loan balance plus accrued interest must be repaid when you sell the home move out permanently or pass away. The state also has a three-day right of rescission period after closing.
Can a reverse mortgage specialist help with property tax deferral in Brookline?
Yes a specialist can explain how a reverse mortgage interacts with Massachusetts property tax deferral programs. Brookline homeowners may qualify for the state Senior Circuit Breaker tax credit which can offset some property tax costs. The specialist will review your specific financial situation.