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 11 reverse mortgage specialists in Mequon, 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.
Jamison Kaul Mortgage Team | Fairway Home Mortgage
1045 W Glen Oaks Ln Ste 204, Mequon, WI 53092
9202799399
The Brian Kludt Team at Fairway Independent Mortgage Corp. NMLS #227424
1045 W Glen Oaks Ln Ste 105, Mequon, WI 53092
4148996243
Mach1 Lending
1516 W Mequon Rd, Mequon, WI 53092
2622648606
Summit Financial LLC
1001 W Glen Oaks Ln Ste 237, Mequon, WI 53092
4142980180
Katie Hammes at Guaranteed Rate Affinity (NMLS #1031048)
11303 N Port Washington Rd, Mequon, WI 53092
2624201118
Craig kuper Broker / ShoreCrest Mortgage Broker NMLS 238478
11520 N Port Washington Rd #101a, Mequon, WI 53092
2622414300
Mike Drews at Guaranteed Rate Affinity (NMLS #279960)
11303 N Port Washington Rd, Mequon, WI 53092
4147048853
Kelly Dahlberg at Guaranteed Rate Affinity (NMLS #1141705)
11303 N Port Washington Rd, Mequon, WI 53092
2628125121
Tracy Bould-U.S. Bank Mortgage
11111 N Port Washington Rd, Mequon, WI 53092
2622417326
Mortgage Loans - Mequon
9961 N Port Washington Rd, Mequon, WI 53092
8443841747
Guaranteed Rate Affinity
11303 N Port Washington Rd, Mequon, WI 53092
2624201118
What Does a Reverse Mortgage Specialist in Mequon Cost?
Typical costs for a reverse mortgage in Wisconsin 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 fees such as appraisal title and recording fees. For a home valued at 300000 total closing costs often range from 8000 to 15000. Costs vary by lender loan type 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 and equity requirements for a reverse mortgage in Mequon Wisconsin?
Borrowers must be at least 62 years old. The home must be your primary residence and have sufficient equity. Wisconsin law does not set a minimum equity amount but FHA guidelines typically require at least 50 percent equity.
Do I need counseling before getting a reverse mortgage in Wisconsin?
Yes. Wisconsin requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must happen before you submit a loan application. The counselor explains loan terms costs and alternatives.
Are reverse mortgage proceeds taxable in Wisconsin?
No. Reverse mortgage proceeds are considered loan advances not income. They are not subject to federal or Wisconsin state income tax. However you must still pay property taxes insurance and maintenance on the home.