Reverse mortgage has given the senior members of the society a chance to have money that they can use to enjoy their sunset years. Whether it been taking a vacation, travelling the world, paying off debts or simply upgrading your lifestyle during the golden years, the reverse mortgages are here to help you achieve just that. But while contemplating to apply for this loans, it is imperative that you deal with a reputable lender that has a proven track record and will take care all your reverse mortgage needs as a senior.
In our company, we have been in this field for the last three decades during which we have worked with thousands of seniors and helped them access the loans. This is probably due to our experience, expertise and resourcefulness in accessing the loans. Below is a simple and efficient process that you will find with us when you are looking for the reverse mortgage loans-:
The first process towards applying for the reverse mortgage loans is to conduct a thorough research and identify reputable lenders you can trust. We are one of the best lenders and our team of financial experts is always ready to help you unearth all the necessary information you need to make a successful application. It is also a requirement by the HUD that you receive third party counseling session from an HUD approved counselor. This can be done via the phone or you can simply contact HUD directly.
Once the research and counseling is done, the step that follows is the application stage. In this stage, you will make the actual application of the loan detailing the amount you are applying for, the line of credit and any monthly payments or whether you choose to repay the loan when you sell your primary residence or move permanently out of it.
After completing the application process for your reverse mortgage, we will start the processing immediately. During this stage, we will order and appraisal of your property, ask for a title report, credit report and lien payoffs. From the appraisal and these other documents, we will determine the exact value of your home, any structural defect and any other information that might be relevant to us and you during the closing stage.
Upon receiving all the relevant details and documentation, we will finalize on all the parameters, package and submit your application for underwriting and final approval.
Upon successful approval, we will present you with all the necessary closing papers detailing the awarded amount, the interest rates, repayment plans as well as the closing costs which in most cases are always covered by the loan. The loan will be disbursed after you agree to the terms and conditions and appended your signature on the agreement.
Following the closing of your reverse mortgage loan, the loan will be disbursed to you within three business days. You shall then begin receiving payments as per the terms and conditions of the loan.
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400-420 N Jackson St, Marquette, KS 67464, , USA
Call now at: 866-347-9591
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We specialize in offering different kinds of loans ranging from VA home loans, FHA loans and we also offer refinance mortgage services. We are a team of experienced and highly skilled lenders who have been in the industry for the last three decades and have hence developed the skills and knowledge necessary to ensure that you get the best of every loan application you make. Talk to us today and enjoy the massive benefits that many homeowners have enjoyed when they needed our assistance to secure their homes.