A reverse mortgage specialist in Duxbury Massachusetts helps homeowners aged 62 and older convert part of their home equity into tax-free funds. In Massachusetts all borrowers must complete a counseling session with a HUD-approved counselor before applying. Duxbury residents often use these loans to supplement retirement income or cover home improvements while staying in their homes.
What Does a Reverse Mortgage Specialist in Duxbury Cost?
Typical costs for a reverse mortgage specialist in Massachusetts include an origination fee of up to $6,000 or 2 percent of the home value whichever is less. Third-party fees such as appraisal title search and recording fees usually range from $1,500 to $3,500. Counseling costs vary but many HUD-approved agencies charge between $125 and $250. 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.
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