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 Michigan before hiring.
Showing 4 reverse mortgage specialists in Dexter, MI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Edward Jones - Financial Advisor: Mike Fitzpatrick, CFP®|ChFC®|AAMS®
8070 Main St, Dexter, MI 48130
7344265198
Edward Jones - Financial Advisor: Kevin P Johnson, AAMS®
7050 Dexter Ann Arbor Rd Suite 200, Dexter, MI 48130
7344242753
PNC Mortgage
8123 Main St, Dexter, MI 48130
7344264626
John Adams Mortgage Company
7444 Dexter Ann Arbor Rd, Dexter, MI 48130
7343206873
What Does a Reverse Mortgage Specialist in Dexter Cost?
Typical costs for a reverse mortgage specialist in Michigan include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent upfront plus 0.5 percent annually, and third-party fees like appraisal and title search. Total closing costs often range from 2,000 to 8,000 dollars depending on the home value. These costs are usually financed into the loan. 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 age requirements for a reverse mortgage in Dexter Michigan?
Borrowers must be at least 62 years old. If there are multiple borrowers on the title, the youngest borrower must meet this age requirement. Michigan law follows federal HUD guidelines for age eligibility.
Do I need to own my home free and clear to get a reverse mortgage in Michigan?
No. You can still qualify if you have an existing mortgage, but the reverse mortgage proceeds must first pay off that loan. The remaining equity is then available to you. Michigan law does not require full home ownership.