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Compare Reverse Mortgage Specialists in Shorewood, WI
Browse reverse mortgage specialists serving Shorewood, Wisconsin. Contact information and addresses listed below.
5 agents listed
Updated May 2026
Shorewood, WI
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 Wisconsin before hiring.
Showing 5 reverse mortgage specialists in Shorewood, 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.
CMG Home Loans- Cole Heinrich
1200 E Capitol Dr UNIT 220, Shorewood, WI 53211
4147583151
Rachel E Russell - CMG Home Loans Mortgage Loan Officer NMLS# 249306
Todd Langeness -CMG Home Loans Mortgage Loan Officer NMLS# 248695
1200 E Capitol Dr UNIT 220, Shorewood, WI 53211
2629532480
Shorewood residents aged 62 or older may use a reverse mortgage to access home equity without selling their home. Wisconsin law requires borrowers to complete HUD approved counseling before applying. A local specialist can explain how this loan affects your estate and property taxes in Milwaukee County.
What Does a Reverse Mortgage Specialist in Shorewood Cost?
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 like appraisal and title search. In Wisconsin these fees often total between 5000 and 12000 dollars depending on home value. Costs are usually financed into the loan so you pay little upfront. 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 and who qualifies in Shorewood Wisconsin?
A reverse mortgage allows homeowners aged 62 or older to borrow against home equity. In Wisconsin you must own your home outright or have a low mortgage balance. You also need to live in the home as your primary residence.
How does a reverse mortgage affect my heirs in Wisconsin?
Heirs can keep the home by paying off the loan balance or selling the property. Wisconsin law gives heirs up to 12 months after the last borrower dies to decide. If the loan balance exceeds home value heirs owe nothing extra.
Are reverse mortgage proceeds taxable in Wisconsin?
Loan proceeds are not considered income for federal or Wisconsin state tax purposes. However interest on the loan is not deductible until you pay it back. Consult a tax professional for your specific situation.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Wisconsin.