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 4 reverse mortgage specialists in Muskego, 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.
John Warren Loan officer at A+ Mortgage
W188S7820 Racine Ave #100, Muskego, WI 53150
4142387333
A + Mortgage Services, Inc NMLS#259353
W188S7820 Racine Ave #100, Muskego, WI 53150
2626798500
Thrivent - Muskego Lakes Financial Advisors
W188S7820 Racine Ave #200, Muskego, WI 53150
2626793280
US Bank Mortgage
S75 W17125, S75w17125 Janesville Rd, Muskego, WI 53150
8008722657
What Does a Reverse Mortgage Specialist in Muskego Cost?
Typical costs for a reverse mortgage specialist in Wisconsin include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent upfront and 0.5 percent annually, and third party costs like appraisal and title fees. Total closing costs often range from 3,000 to 8,000 dollars depending on the home value. 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 qualifications should a reverse mortgage specialist in Muskego have?
A reverse mortgage specialist in Muskego should hold a valid Wisconsin mortgage loan originator license. They should also have specific experience with HECM loans and knowledge of Wisconsin property tax deferral programs.
Are reverse mortgage proceeds taxable in Wisconsin?
Reverse mortgage proceeds are not considered taxable income under Wisconsin law. However, interest may be deductible when the loan is repaid. Consult a tax professional for your specific situation.
What happens to a reverse mortgage if I move out of Muskego?
If you permanently move out of your Muskego home, the reverse mortgage becomes due and payable. Wisconsin law gives you a 12 month period to sell the home or repay the loan before foreclosure proceedings can begin.