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Showing 2 reverse mortgage specialists in Narberth, PA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Rock Hill Financial, LLC
822 Montgomery Ave #312, Narberth, PA 19072
6106680168
Movement Mortgage
854-1/2 Montgomery Ave, Narberth, PA 19072
8773141499
What Does a Reverse Mortgage Specialist in Narberth Cost?
Typical costs for a reverse mortgage specialist in Pennsylvania include an origination fee of up to 2 percent of the home value with a cap of 6000 dollars. Third-party costs like appraisal title search and recording fees usually range from 2000 to 5000 dollars. Pennsylvania also charges a state mortgage recording tax of 1 percent on the loan amount. All costs can be financed into the loan. 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 is a reverse mortgage specialist in Narberth?
A reverse mortgage specialist is a licensed professional who guides seniors through the HECM loan process. They help with eligibility, loan options, and closing requirements specific to Pennsylvania law.
Do I need counseling before getting a reverse mortgage in Pennsylvania?
Yes Pennsylvania requires all borrowers to complete a counseling session with a HUD-approved counselor. This session must happen before you can apply for a reverse mortgage.
Are reverse mortgage proceeds taxable in Pennsylvania?
No reverse mortgage proceeds are not considered income for Pennsylvania state tax purposes. However you still must pay property taxes and homeowners insurance on the home.