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 South Carolina before hiring.
Showing 3 reverse mortgage specialists in Boiling Springs, SC
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Kinsmith Finance
2528 Boiling Springs Rd ste h, Boiling Springs, SC 29316
8648140220
Pathway Mortgage
2117 Boiling Springs Rd, Boiling Springs, SC 29316
8648140710
Security Finance
3394 Boiling Springs Rd, Boiling Springs, SC 29316
8644722036
What Does a Reverse Mortgage Specialist in Boiling Springs Cost?
Typical costs for a reverse mortgage in South Carolina include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent upfront, and an annual premium of 0.5 percent. Closing costs such as appraisal and title fees range from 2,000 to 5,000 dollars. These costs are usually 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 Boiling Springs South Carolina?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. The home must be the primary residence.
Do I need to own my home free and clear to qualify for a reverse mortgage in South Carolina?
No, you can have an existing mortgage. The reverse mortgage will pay off that loan first. You must have sufficient equity in the home to qualify.
How does a reverse mortgage affect my property taxes in Boiling Springs?
You must continue to pay property taxes and homeowners insurance. Failure to pay can lead to foreclosure. South Carolina offers property tax relief programs for seniors that may still apply.