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Showing 2 reverse mortgage specialists in Narberth, PA
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Rock Hill Financial, LLC
822 Montgomery Ave #312, Narberth, PA 19072
(610) 668-0168
rockhillfinancial.com
What Does a Reverse Mortgage Specialist in Narberth Cost?
Typical costs for a reverse mortgage specialist in Pennsylvania include an origination fee of up to 2 percent of the home value with a cap of 6000 dollars. Third-party costs like appraisal title search and recording fees usually range from 2000 to 5000 dollars. Pennsylvania also charges a state mortgage recording tax of 1 percent on the loan amount. All costs can be financed into the loan. 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 is a reverse mortgage specialist in Narberth?
A reverse mortgage specialist is a licensed professional who guides seniors through the HECM loan process. They help with eligibility, loan options, and closing requirements specific to Pennsylvania law.
Do I need counseling before getting a reverse mortgage in Pennsylvania?
Yes Pennsylvania requires all borrowers to complete a counseling session with a HUD-approved counselor. This session must happen before you can apply for a reverse mortgage.