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Showing 2 reverse mortgage specialists in Osterville, MA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Heather Vickers
872 Main St 2nd Floor, Osterville, MA 02655
7742088577
Annmarie Edwards at AVE Mortgage
835 Main St Unit 1A, Osterville, MA 02655
5083802910
What Does a Reverse Mortgage Specialist in Osterville Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee of up to 6000 dollars and a mortgage insurance premium of 2 percent of the home value. Third party costs like appraisal and title search range from 500 to 2000 dollars. Total closing costs often fall between 5000 and 15000 dollars but vary by loan amount and lender. 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 does a reverse mortgage specialist in Osterville do?
A reverse mortgage specialist explains loan options like the Home Equity Conversion Mortgage or HECM. They help Osterville residents understand eligibility including age requirements and property types. The specialist also coordinates with counselors and lenders to complete the loan process.
What are the Massachusetts requirements for a reverse mortgage?
Massachusetts law requires all borrowers to receive counseling from a HUD approved agency before applying. The borrower must be at least 62 years old and own their home outright or have low mortgage balance. The property must be the borrowers primary residence.