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 4 reverse mortgage specialists in Glen Burnie, 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.
Guild Mortgage - Kathy Brennan
806 Landmark Dr Suite 122 & 123, Glen Burnie, MD 21061
4437381701
Service 1st Mortgage, Inc.
1415 Madison Park Dr #200, Glen Burnie, MD 21061
8002203544
Guild Mortgage Company
806 Landmark Dr Suite 122 & 123, Glen Burnie, MD 21061
4437381730
Nabbs Creek Mortgage Services, LLC
866 Nabbs Creek Rd, Glen Burnie, MD 21060
4103600524
What Does a Reverse Mortgage Specialist in Glen Burnie Cost?
Typical costs for a reverse mortgage specialist in Maryland include an origination fee of up to 2.5 percent of the home value, a 2 percent upfront mortgage insurance premium, and third-party fees such as appraisal 400 to 600 dollars, title search, and recording fees. Total closing costs often fall between 2,000 and 5,000 dollars. Annual servicing fees may apply. 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 Glen Burnie do?
A reverse mortgage specialist guides you through the HECM loan process from counseling to closing. They explain how the loan works, including repayment terms and eligibility rules under Maryland law. They do not provide legal advice but can refer you to a qualified attorney.
Are there Maryland-specific rules for reverse mortgages?
Yes. Maryland requires all reverse mortgage borrowers to complete a counseling session with a HUD-approved agency. The state also mandates a three-day right of rescission after closing. Lenders must provide clear disclosures about fees and interest rates.
How much does a reverse mortgage cost in Glen Burnie?
Costs include an origination fee up to 2.5 percent of the home value, a mortgage insurance premium of 2 percent upfront, and appraisal fees around 400 to 600 dollars. Closing costs typically range from 2,000 to 5,000 dollars. These amounts vary by lender and property.