Compare Reverse Mortgage Specialists in Rothschild, WI
Directory of reverse mortgage specialists in Rothschild, Wisconsin. Verify credentials with the state state mortgage licensing authority before hiring.
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
State Mortgage Licensing Authority of Wisconsin before hiring.
Showing 4 reverse mortgage specialists in Rothschild, WI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a Reverse Mortgage Specialist in Rothschild Cost?
Typical costs for a reverse mortgage in Wisconsin include an origination fee (up to $6,000), mortgage insurance premium (2 percent of home value upfront plus 0.5 percent annually), appraisal fee ($400 to $800), and closing costs ($1,500 to $3,000). Total costs often range from $5,000 to $12,000. These costs are usually 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 are the age requirements for a reverse mortgage in Rothschild Wisconsin?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be listed as a borrower. Wisconsin law follows federal HUD guidelines for age eligibility.
Do I need to own my home free and clear to get a reverse mortgage in Wisconsin?
No, you can have an existing mortgage. The reverse mortgage will pay off your current mortgage first. You must have substantial equity in the home, typically at least 50 percent.
What counseling is required for a reverse mortgage in Wisconsin?
Wisconsin law requires all borrowers to complete a HUD-approved counseling session before applying. The session covers loan terms, costs, and alternatives. The counselor must be independent of the lender.