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 5 reverse mortgage specialists in Perth Amboy, 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.
Garden State Lending
563 B Amboy Ave, Perth Amboy, NJ 08861
9738765752
Bancasa Mortgage Corporation
400 Smith St, Perth Amboy, NJ 08861
7324420715
Ez Way Mortgage Corp
272 High St suite 7, Perth Amboy, NJ 08861
7322774547
Chase Mortgage
130 Smith St, Perth Amboy, NJ 08861
7324428157
Robert Tornatore - 625004 - Wells Fargo Home Mortgage
214 Smith St, Perth Amboy, NJ 08861
9082279834
What Does a Reverse Mortgage Specialist in Perth Amboy Cost?
Typical costs for a reverse mortgage specialist 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, and third-party fees such as appraisal and title search. These costs can range from 2000 to 8000 dollars depending on the property 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 are the eligibility requirements for a reverse mortgage in Perth Amboy?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet FHA property standards. New Jersey law also requires you to attend a counseling session with a HUD-approved counselor.
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 property. If the loan balance exceeds the home value, heirs are not personally liable for the difference under New Jersey law. They have 30 days after receiving notice to decide.