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 Ohio before hiring.
Showing 2 reverse mortgage specialists in Brecksville, OH
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Revolution Mortgage
6860 W Snowville Rd Suite 115, Brecksville, OH 44141
4409426283
Equity Mortgage
7020 Carriage Hill Dr APT 203, Brecksville, OH 44141
4404989980
What Does a Reverse Mortgage Specialist in Brecksville Cost?
Typical costs for a reverse mortgage specialist in Ohio 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 and title services. Total closing costs often range from 5,000 to 12,000 dollars depending on the property value and loan type. These costs can be financed into the loan. 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 age requirements for a reverse mortgage in Brecksville Ohio?
Borrowers must be at least 62 years old. The youngest spouse on the title must meet this age requirement under federal HUD rules. Ohio does not have a separate state age requirement.
Do I need to own my home free and clear to qualify in Brecksville?
No. You can have an existing mortgage as long as the reverse mortgage proceeds pay it off. Ohio law requires that the home be your primary residence and meet FHA property standards.