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 Michigan before hiring.
Showing 4 reverse mortgage specialists in White Lake, MI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Exact Mortgage Inc--Rick Rozman
2765 Ridge Rd, White Lake, MI 48383
7345640740
Lynk Financial, Inc.
5601 Ormond Rd f2, White Lake, MI 48383
2488892401
Flow Mortgage
975 Golden Dr, White Lake, MI 48386
2484107837
Chase Suidan, Mortgage Loan Originator, LMCU, NMLS# 407025
6615 Highland Rd, White Lake, MI 48383
2488487114
What Does a Reverse Mortgage Specialist in White Lake Cost?
Typical costs for a reverse mortgage in Michigan include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs often range from 2,000 to 6,000 dollars. These costs can be financed into the loan. 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 are the age requirements for a reverse mortgage in White Lake Michigan?
Borrowers must be at least 62 years old. If married, the younger spouse must also meet the age requirement unless a non-borrowing spouse exception applies under Michigan law.
Do I need counseling before getting a reverse mortgage in Michigan?
Yes, Michigan law requires all borrowers to complete a counseling session with a HUD-approved counselor before applying for a reverse mortgage. The session covers costs, alternatives, and financial implications.
Can I lose my home with a reverse mortgage in White Lake?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Michigan law allows a six-month redemption period after a tax foreclosure, but you must stay current on obligations.