A reverse mortgage specialist in Kent, Ohio can help homeowners aged 62 and older convert home equity into cash. Ohio law requires all reverse mortgage counselors to be approved by the U.S. Department of Housing and Urban Development. Specialists in Kent are familiar with local property values and Portage County regulations.
What Does a Reverse Mortgage Specialist in Kent Cost?
Typical costs for a reverse mortgage specialist in Ohio include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party closing costs ranging from 500 to 2,500 dollars. Annual servicing fees are usually between 30 and 35 dollars per month. Costs vary by lender 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
Reverse Mortgage Specialists in Other Ohio Cities
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