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 Wisconsin before hiring.
Showing 2 reverse mortgage specialists in Menomonee Falls, WI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Bill Moeller Mortgage Advisor Bank Five Nine NMLS# 536570
N56W14108 Silver Spring Dr #112, Menomonee Falls, WI 53051
4147026529
Voyage Home Loans
N88W16447 Main St Suite 200, Menomonee Falls, WI 53051
4143096013
What Does a Reverse Mortgage Specialist in Menomonee Falls Cost?
Typical costs for a reverse mortgage in Wisconsin include an origination fee up to $6,000 a mortgage insurance premium of 2% of the homes value and third party costs like appraisal and title search. Total closing costs often range from $8,000 to $15,000. These fees can be 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 Menomonee Falls Wisconsin?
Borrowers must be at least 62 years old. If married the younger spouse must also be 62 unless the loan is structured as a HECM with a non borrowing spouse option.
Do I have to pay property taxes and insurance with a reverse mortgage in Wisconsin?
Yes you must continue to pay property taxes homeowners insurance and maintain the home. Failure to do so can lead to loan default and possible foreclosure.
How much can I borrow with a reverse mortgage in Menomonee Falls?
The amount depends on your age the homes appraised value and current interest rates. For 2024 the maximum claim amount for a HECM is $1,089,300. A specialist can provide a personalized estimate.