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Compare reverse mortgage specialists in Montclair. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Montclair, NJ
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 New Jersey before hiring.
Showing 3 reverse mortgage specialists in Montclair, NJ
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Platinum Mortgage LLC
75 Midland Ave, Montclair, NJ 07042
9733375950
First Prestige Mortgage Services Inc DBA Minority Heritage Mortgage
110 Valley Rd, Montclair, NJ 07042
9737448300
Brett Lehman - Chase Home Lending Advisor - NMLS ID 142413
19 N Fullerton Ave, Montclair, NJ 07042
2012076023
A reverse mortgage specialist in Montclair, New Jersey helps homeowners aged 62 and older convert home equity into cash without monthly payments. Under New Jersey law, borrowers must complete a counseling session with a HUD-approved agency before applying. Montclair residents often use these loans to supplement retirement income or cover home repairs.
What Does a Reverse Mortgage Specialist in Montclair Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee of up to 2% of the loan amount, a mortgage insurance premium of 2% of the home value, and third-party costs like appraisal and title search. Total costs often range from 5,000 to 15,000 dollars depending on the home value and loan type. 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 is a reverse mortgage specialist in Montclair?
A reverse mortgage specialist is a licensed professional who guides homeowners through the reverse mortgage process. In New Jersey, they must follow state and federal rules, including the requirement for a mandatory counseling session.
Who qualifies for a reverse mortgage in New Jersey?
To qualify, you must be at least 62 years old, own your home outright or have a low mortgage balance, and live in the home as your primary residence. New Jersey law also requires a financial assessment to ensure you can pay property taxes and insurance.
How do I choose a reverse mortgage specialist in Montclair?
Look for a specialist with a valid New Jersey mortgage license and experience with HECM loans. Check their record with the New Jersey Department of Banking and Insurance. Avoid anyone who pressures you to act quickly.
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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 New Jersey.