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Reverse Mortgage Information - The Steps & Process

Reverse Mortgage Information - The Steps & Process

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Reverse Mortgage Information - The Steps & Process

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  1. Reverse  Mortgage The Steps & Process Bywww.ReverseMortgageLoanAdvisors.com

  2. Table Of Contents Educate Yourself About Reverse Mortgage 01 Reverse Mortgage Counseling 01 Wills & Trusts 01 Forex Trends 02 Latest Business Stats 03

  3. Reverse Mortgage Info Educate Yourself About Reverse Mortgage Most people don't know all the ins and outs of a reverse mortgage.  Learn the basics, talk to a reverse mortgage professional, and ask questions. Reverse Mortgage Counseling The Reverse Mortgage is insured by FHA.  One of FHA's required safeguards is have homeowners do a counseling session.  It's quick, easy, and meant to make sure you have a basic grasp of the program. Complete Your Application Complete your application to o?cially start the process.  You'll also gather the required paperwork (as advised by your reverse mortgage loan o?cer) so that the lender/broker can process & underwrite your ?le. Page #1

  4. Reverse Mortgage Info Appraisal & Underwriting Once your signed application is recieved by the lender or broker, they can order your FHA case number and appraisal.  Meanwhile, the processor completes all their tasks.  When the appraisal comes back, your loan can go to underwriting.  Often times, the underwriter will request a few more basic items (called a conditional approval).  Provide them for your ?nal approval.  Sign Loan Docs & Get Funded Often times, this is the BEST part!  After all, if you are currently paying on a home loan, it means ?nancial freedom since you don't have to make a monthly payment.  Once your loan is fully approved, you'll sign loan docs and then your loan will get funded 3 business days after signing. Get your Free Reverse Mortgage Info kit via: 1. Email - Info@ReverseMortageLoanAdvisors.com 2. Shawn Vaillancourt's Cell phone @ (714) 271-8524 (NMLS 387151) 3. Visit our Website at www.ReverseMortgageLoanAdvisors.com Reverse Mortgage Loan Advisors Page #2

  5. THANK YOU

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