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Showing 2 reverse mortgage specialists in Harrison, NY
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Circle Mortgage Corporation
500 Mamaroneck Ave # 320, Harrison, NY 10528
9144220810
Chase Mortgage
275 Halstead Ave, Harrison, NY 10528
9148351507
What Does a Reverse Mortgage Specialist in Harrison Cost?
Typical costs for a reverse mortgage in New York 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 for appraisal title search and recording. These costs can range from 2000 to 8000 dollars depending on the home 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 does a reverse mortgage specialist in Harrison do?
A reverse mortgage specialist explains how HECM loans work, helps you compare options, and assists with the application process. They also coordinate with HUD-approved counselors as required by New York law.
Who is eligible for a reverse mortgage in New York?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and meet FHA standards. New York also requires a financial assessment to ensure you can pay property taxes and insurance.