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 New Jersey before hiring.
Showing 3 reverse mortgage specialists in North Brunswick Township, NJ
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
UNITED ONE MORTGAGE INC.
1215 Livingston Ave, North Brunswick Township, NJ 08902
7325432855
Syed islam - Loan Officer
1484 Pawnee Rd, North Brunswick Township, NJ 08902
7814927322
HomeGotOwned Mortgages
1549 Finnegans Ln, North Brunswick Township, NJ 08902
9088582220
What Does a Reverse Mortgage Specialist in North Brunswick Township Cost?
Typical costs for a reverse mortgage in New Jersey 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 costs such as appraisal and title search fees. These costs usually range from 2,000 to 6,000 dollars. Costs vary by situation 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 are the age requirements for a reverse mortgage in North Brunswick Township?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. New Jersey does not have any exceptions to this federal rule.
Do I need counseling to get a reverse mortgage in New Jersey?
Yes, New Jersey law requires all borrowers to complete a counseling session with a HUD approved agency. This session must occur before you submit your application. The counselor will explain loan terms, costs, and alternatives.
What happens to the loan when I move or pass away?
The loan becomes due when the last borrower leaves the home permanently or passes away. Heirs have 30 days under New Jersey law to decide whether to pay off the loan or sell the home. They cannot be forced to sell immediately.