Be mortgage free: Apply for a Reverse Mortgage!
Check My EligibilityWhy reverse mortgage?
- Eliminate Mortgage Payment
- Increase Cash Flow
- Leverage your home’s rising equity with line of credit
The Reverse Mortgage Process: 5 Easy Steps
Prequalify
Talk to one of our reverse mortgage specialists and see if you may qualify instantly. We will need to know your age, approximate value of your home, and how much you currently owe on it.
HUD Counseling
All prospective reverse borrower’s are required to complete a counseling session with a neutral 3rd party approved by HUD
Application and Documents
Once counseling is completed, you receive an application package based on the loan type you selected. You will provide required information required for financial assessment including income documentation if any. While credit scores are not relied on, credit history is required to assess whether things such as property taxes and insurance need to be included in the loan.
Underwriting
Property value will be determined by a local appraiser. Underwriter will review financial assessment, any liens on the property, and the amount of proceeds the loan will provide among other things.
Loan Funding
Final loan documents are signed with a notary and loan funds. Borrower may have immediate access to proceeds depending on loan type selected.