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 York before hiring.
Showing 5 reverse mortgage specialists in Syosset, NY
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Lendgen - Mortgage Bankers
6851 Jericho Tpke Suite 135, Syosset, NY 11791
5166876686
Chris Genao - Mortgage Consultant
575 Underhill Blvd Suite 214, Syosset, NY 11791
6317041020
Residential Home Funding Corp.
6901 Jericho Tpke #219, Syosset, NY 11791
5167905418
Eric Schachter at Lendgen - Mortgage Bankers
6851 Jericho Tpke Suite 135, Syosset, NY 11791
9172828867
Jericho Mortgage Associates Inc.'s
358 Jericho Tpke, Syosset, NY 11791
5164964500
What Does a Reverse Mortgage Specialist in Syosset Cost?
Typical costs for a reverse mortgage specialist in New York 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 and title services. Total closing costs often range from 2,000 to 6,000 dollars. These costs vary by loan amount and property value. 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 Syosset?
You must be at least 62 years old to qualify for a reverse mortgage in New York. All borrowers listed on the title must meet this age requirement.
Is counseling required before getting a reverse mortgage in New York?
Yes, New York state law and federal regulations require all borrowers to complete HUD-approved counseling. This session explains loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Syosset?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. New York law provides a right to cure before foreclosure.