HUD Reverse Mortgages

HUD/FHA Reverse Mortgages
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HUD Reverse Mortgages

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THE LOAN PROCESS
   
When You Have Chosen a Lender:
    
Appraisal
   
Next, the mortgage consultant will help you arrange for an appraisal to determine the objective market value of your home, and whether any repairs will be required to meet Federal Housing Administration guidelines.
  
Title
    
Title is going to be ordered to verify if there are any open liens on the home.

Underwriting
    
After the appraisal and title reports are completed,  the mortgage consultant will go through all the normal processing procedures that you would find in any mortgage.

Closing
    
The final step of the program is the closing where you receive the money, or proceeds, from your Reverse Mortgage. You can choose to receive the payment in one of four ways: as a lump sum, monthly payment, line of credit or a combination.

What you do with the money is up to you!

Live Operators - 24 Hours
   
Toll Free Information
  
1-877-712-3049
   

  

HUD Reverse Mortgages are Guaranteed by the Department of Housing and Urban Development and Insured by FHA

This site is maintained by RMLO Consultants, Inc., CA. Dept. of Real Estate – Real Estate Broker License 01875666
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