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 5 reverse mortgage specialists in Mt Pleasant, 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.
Guild Mortgage - Lori Dobrowolski
4900 Spring St Suite 201 Studio B, Mt Pleasant, WI 53406
4148312966
Guild Mortgage Company
4900 Spring St Suite 201 Studio B, Mt Pleasant, WI 53406
8774632610
Jim Svehla - CMG Home Loans
6218 Washington Ave a, Mt Pleasant, WI 53406
8476364328
Jacob Cruse - CMG Home Loans
6218 Washington Ave a, Mt Pleasant, WI 53406
6152340345
Gateway Mortgage Group
6021 Durand Ave Ste. 100, Mt Pleasant, WI 53406
2629774967
What Does a Reverse Mortgage Specialist in Mt Pleasant Cost?
Typical costs for a reverse mortgage in Wisconsin include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs often range from 3,000 to 8,000 dollars, depending on the home value and loan type. These 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 are the age requirements for a reverse mortgage in Mt Pleasant Wisconsin?
You must be at least 62 years old to qualify for a reverse mortgage in Wisconsin. The loan is based on the youngest borrower or eligible non-borrowing spouse. This rule applies to all HECM loans in Mt Pleasant.
Do I need counseling before getting a reverse mortgage in Wisconsin?
Yes, Wisconsin law requires all borrowers to complete a counseling session with a HUD-approved counselor. This session explains the loan terms, costs, and alternatives. The counselor must be independent from the lender.
Can a reverse mortgage affect my property taxes in Racine County?
Yes, you must continue to pay property taxes and homeowners insurance. Failure to pay can lead to foreclosure. Wisconsin offers property tax deferral programs that may help, but a reverse mortgage does not eliminate tax obligations.