1. A Toll Free Call...
The process starts with a phone call to Senior Mortgage Network. We will talk to you about the pros and cons, how it works, how much money you might receive and anything else you would like to know about. Then you decide whether you want to proceed.
2. Counseling... If you decide that a reverse mortgage is the right choice, you receive free independent counseling from a certified, HUD-approved counselor to make sure that you have had all your questions answered and that there's been no confusion. You can do it in person or over the phone.
3. Appraisal/Inspection... Then we arrange for an appraisal and inspection to determine the market value of your home, and whether any repairs will be required to meet Federal Housing Administration guidelines. |
4. Underwriting... After the appraisal and inspection reports come in we go through all the normal processing procedures that you might find in any mortgage.
5. Closing... The closing is where you receive the proceeds from your reverse mortgage. You can choose to receive the payment in one of three ways: as a lump sum, as a monthly payment or as a line of credit.
6. Enjoy your earnings... Then it's up to you to do what you want with the money. You earned it, you enjoy it.
Want to hear more or start the process? You can call right now, 866-344-5483. |