Be mortgage free: Apply for a Reverse Mortgage!

Why reverse mortgage?

  • Eliminate Mortgage Payment

  • Increase Cash Flow

  • Leverage your home’s rising equity with line of credit

Be mortgage free: Apply for a Reverse Mortgage!

Why reverse mortgage?

  • Eliminate Mortgage Payment

  • Increase Cash Flow

  • Leverage your home’s rising equity with line of credit

hecm pay

The Reverse Mortgage Process

5 Easy Steps

2. HUD Counseling

All prospective reverse borrower’s are required to complete a counseling session with a neutral 3rd party approved by HUD

3. 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.

4. 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.

This material is not from HUD or FHA and has not been approved by HUD or any government agency