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Compare reverse mortgage specialists in Westwood. Review contact information and insurance categorys before you decide.
5 agents listed
Updated May 2026
Westwood, MA
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 Massachusetts before hiring.
Showing 5 reverse mortgage specialists in Westwood, 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.
Harry Brousaides NorthStar Mortgage
555 High St, Westwood, MA 02090
5084515840
NorthStar Mortgage Corp.
555 High St, Westwood, MA 02090
7813266363
LYC Mortgage
20 SW Park, Westwood, MA 02090
7813032618
PrimeRate Mortgage, LLC
355 Providence Hwy Suite 250, Westwood, MA 02050
7814936045
The Mortgage Reducer, LLC.
5415 Highland Glen Rd, Westwood, MA 02090
6178558718
Reverse mortgage specialists in Westwood, Massachusetts help homeowners aged 62 and older convert home equity into tax-free funds without selling their property. Massachusetts law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Specialists guide clients through the unique regulations and documentation needed for a reverse mortgage in the Bay State.
What Does a Reverse Mortgage Specialist in Westwood Cost?
Typical costs for a reverse mortgage in Massachusetts include an origination fee of up to 6,000 dollars, an appraisal fee of 400 to 800 dollars, and closing costs of 1,000 to 3,000 dollars. Mortgage insurance premiums are 2 percent of the home value upfront plus 0.5 percent annually. These costs vary by lender, loan type, and property 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 are the eligibility requirements for a reverse mortgage in Westwood Massachusetts?
You must be at least 62 years old and own your home outright or have a small mortgage balance. The property must be your primary residence and meet Federal Housing Administration (FHA) standards. Massachusetts law also requires you to attend a counseling session with a HUD-approved counselor before applying.
How does a reverse mortgage work in Massachusetts?
A reverse mortgage allows you to borrow against your home equity. You receive payments as a lump sum, monthly installments, or a line of credit. The loan is repaid when you sell the home, move out permanently, or pass away. Massachusetts law protects borrowers by requiring clear disclosure of all terms and fees.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Massachusetts.