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 Maryland before hiring.
Showing 3 reverse mortgage specialists in Germantown, MD
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
The Fortress Group Total Home Finance, LLC
12410 Milestone Center Dr Suite 600, Office 636, Germantown, MD 20876
3019095626
Bankruptcy And Mortgage Law Center
11403 Seneca Forest Cir, Germantown, MD 20876
8884633520
Experts VA Home Loans Germantown Maryland
19847 Century Blvd, Germantown, MD 20874
2405126649
What Does a Reverse Mortgage Specialist in Germantown Cost?
Typical costs for a reverse mortgage in Maryland include an origination fee of up to 2 percent of the home value with a cap of 6000 dollars. Additional costs include a mortgage insurance premium of 2 percent of the appraised value and third party fees for appraisal title search and recording. Counseling fees range from 125 to 250 dollars. Costs vary by loan amount 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 does a reverse mortgage specialist in Germantown do?
A reverse mortgage specialist guides you through the HECM process including eligibility counseling and loan origination. They explain how the loan affects your home equity and estate. They must follow Maryland regulations which require a three-day right of rescission after closing.
What are the age requirements for a reverse mortgage in Maryland?
You must be at least 62 years old to qualify for a reverse mortgage in Maryland. All borrowers listed on the title must meet this age requirement. The property must be your primary residence.
Are reverse mortgages regulated differently in Maryland?
Yes Maryland has specific laws including a mandatory cooling-off period before closing. Lenders must provide a list of approved counseling agencies. The state also limits origination fees and requires clear disclosure of all costs.