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Find Reverse Mortgage Specialists Near You in Old Bridge, NJ
Browse reverse mortgage specialists serving Old Bridge, New Jersey. Contact information and addresses listed below.
3 agents listed
Updated May 2026
Old Bridge, 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 Old Bridge, 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.
Huascar Sime | CMG Home Loans. NMLS 1820 | Old Bridge, NJ
1405 NJ-18 #206, Old Bridge, NJ 08857
9735807552
Marco Moreno - Mortgage Loan Officer
3024 County Rd 516, Old Bridge, NJ 08857
9088846484
Y&L Mortgage LLC
17 Van over Dr, Old Bridge, NJ 08857
6463442155
A reverse mortgage specialist in Old Bridge, New Jersey helps homeowners aged 62 and older convert part of their home equity into cash without selling their home. New Jersey requires borrowers to complete a counseling session with a HUD-approved counselor before applying for a Home Equity Conversion Mortgage (HECM). Old Bridge residents can use these funds for home repairs, medical expenses, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Old Bridge Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value at closing, and appraisal fees ranging from 400 to 800 dollars. Closing costs such as title insurance and recording fees can add 1,000 to 3,000 dollars. These costs vary by lender 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 Old Bridge New Jersey?
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 mandatory counseling session with a HUD-approved counselor to ensure you understand the loan terms.
How does a reverse mortgage affect my heirs in New Jersey?
Heirs can keep the home by paying off the loan balance or selling the home to repay the debt. If the home is sold for less than the loan amount, the Federal Housing Administration insurance covers the difference, so heirs are not personally liable for the shortfall.
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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.