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Find Reverse Mortgage Specialists Near You in Lynbrook, NY

Compare reverse mortgage specialists in Lynbrook. Review contact information and insurance categorys before you decide.

4 agents listed
Updated May 2026
Lynbrook, NY
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 York before hiring.
Showing 4 reverse mortgage specialists in Lynbrook, 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.
Great Northern Mortgage Corp. - Noble Mortgage Team
First Floor, 129 Broadway, Lynbrook, NY 11563
8889562699
Andrey Lyudvikovskiy NMLS # 1560298 - Great Northern Mortgage Corp.
129 Broadway, Lynbrook, NY 11563
9292919600
Dennis Noble - Great Northern Mortgage Corp.
129 Broadway Unit D, Lynbrook, NY 11563
5164134769
TCB Funding LLC (TCB Consults)
15 Atlantic Ave Suite 102, Lynbrook, NY 11563
2123808966

A reverse mortgage specialist in Lynbrook, New York helps homeowners aged 62 and older convert home equity into tax-free funds without monthly mortgage payments. New York law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Lynbrook residents benefit from local specialists who understand Nassau County property values and New York State lien laws.

What Does a Reverse Mortgage Specialist in Lynbrook Cost?

In New York, reverse mortgage costs include an origination fee capped at 2 percent of the first 200,000 dollars of home value plus 1 percent of the amount above 200,000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. Third-party fees for appraisal, title insurance, and recording typically add 1,500 to 3,500 dollars. Annual servicing fees are usually 30 to 35 dollars per month. Total costs for a Lynbrook home valued at 500,000 dollars might range from 8,000 to 14,000 dollars. 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 Lynbrook 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 HUD property standards. New York requires you to attend a counseling session with a HUD-approved counselor before applying.
How does New York law affect reverse mortgage terms?
New York General Obligations Law Section 5-501 requires all reverse mortgage documents to be in plain language. New York also mandates a 10-day right to cancel after closing. Borrowers must receive disclosures about total annual loan costs and total loan cost projections.
What costs are involved with a reverse mortgage in Lynbrook?
Typical costs include an origination fee 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. In New York, recording fees vary by county but average 100 to 200 dollars. Total closing costs often range from 5,000 to 12,000 dollars.