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 Gardner, 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.
Edward Jones - Financial Advisor: Ryan Laliberte
308 W Broadway Unit 2, Gardner, MA 01440
9786308670
Jerry Capone - Mortgage Loan Officer
90 Pearson Blvd, Gardner, MA 01440
9785024088
What Does a Reverse Mortgage Specialist in Gardner Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent upfront plus 0.5 percent annually, and third-party fees like appraisal and title search. Total costs often range from 5,000 to 15,000 dollars depending on the home value and loan type. 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 does a reverse mortgage specialist in Gardner do?
A reverse mortgage specialist in Gardner helps homeowners aged 62 and older understand and apply for a Home Equity Conversion Mortgage (HECM). They explain loan terms, costs, and how the loan affects Massachusetts homestead protections and Medicaid eligibility.
Are there Massachusetts-specific rules for reverse mortgages?
Yes, Massachusetts requires a three-day right of rescission after closing. Borrowers must also complete a counseling session with a HUD-approved agency. The state also has laws protecting surviving spouses if the borrowing spouse passes away.
How do I find a qualified reverse mortgage specialist in Gardner?
Look for specialists who are licensed in Massachusetts and have experience with HECM loans. Check their standing with the Massachusetts Division of Banks and ask about their familiarity with Gardner property values and local tax deferral programs.