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Showing 2 reverse mortgage specialists in Monsey, 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.
Upscale Equities, Inc.
8 Roberts Rd, Monsey, NY 10952
8455766999
Joel Weiser
37 Francis Pl, Monsey, NY 10952
9175397704
What Does a Reverse Mortgage Specialist in Monsey 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 costs such as appraisal and title search. These third-party fees usually range from 500 to 1500 dollars. Total closing costs often fall between 3000 and 8000 dollars. 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 age requirements for a reverse mortgage in Monsey New York?
Borrowers must be at least 62 years old. All co-borrowers listed on the title must meet this age requirement under New York law.
Do I need counseling before getting a reverse mortgage in New York?
Yes. New York requires all borrowers to complete a counseling session with a HUD-approved counselor. This session must happen before you submit your loan application.