The reverse mortgage experts at Regional Reverse help seniors looking for reverse loan information.We have an A Rating with the Better Business Bureau
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The Step-by-Step Process
Overview

There are immediate advantages of a reverse mortgage, because you'll never make a payment on this loan while you live in the home!

The focus of Regional Reverse Mortgage is to make sure all our clients fully understand their reverse mortgage financing options. We can help you find a reverse mortgage that fits your needs. Our reverse mortgage professionals provide each senior borrower with documentation that illustrates all the reverse mortgage program options and benefit options available to that senior.

With Regional Reverse Mortgage, it's our goal to help you understand each and every step of the reverse mortgage process.

Here's what you can expect moving forward;

  1. Contact us! Reach a Reverse Mortgage Expert now to find out if you qualify and how much cash you can receive. We will work directly with you every step of the way.
  2. We will help you fill out an application. We will work with you, together to help you choose the best reverse mortgage right for you! Based on your needs, help determine how you would like to receive the money from your new reverse mortgage.
  3. Counseling is required. It is required for every senior borrower to complete counseling. HUD (Housing and Urban Development) requires that all applicants receive third-party counseling to explain all the available options and details to you. We can provide a list of approved counselors for you to contact. The average counseling fee is $125. and most often it can be paid at closing.
  4. Appraisal/Inspection of your home. An appraisal is required to be completed on your home. This is to determine the market value and make sure it fits within FHA guidelines. We order the appraisal on your behalf through an approved AMC ( Appraisal Management Company) and you are entitled to a copy of the report. This ordering process meets all state and federal laws.
  5. The underwriting approval process. Once we receive the application and documents we need from you, we work hard on your behalf behind the scenes to get your full loan details finalized.
  6. Closing.  You can close your new reverse mortgage in the comfort of your own home, the place of closing  is your choice. We will set everything up for you with the settlement agent to have all the final documents to sign.
  7. Disbursement of funds. Under federal law with all home loans, the right of rescission period takes three business days. Than the loan funds, you can now receive your cash from closing by check or you can request the money be wired directly into your bank account. The choice is yours , we make it easy !

Next, you can use the money any way you wish and now enjoy financial peace of mind!

CALL TODAY
TOLL FREE 800-801-0708

 

Featured Article:

Easily Find Helpful Information on Reverse Mortgage Options at RegionalReverse.com


Hearing about the advantages found with a reverse mortgage can easily spark interest. But finding helpful and reliable information on reverse mortgage options might be a challenge. That’s why we at Regional Reverse Mortgage are proud to display great information on our website regarding all aspects of reverse mortgages. Those interested in reverse mortgages or those almost ready to apply for a reverse mortgage will find useful information and help by browsing through our website.

At Regional Reverse Mortgage we take into account the desire of our customers to learn as much as possible about reverse mortgage options, the process, and other information on reverse mortgages which can be useful. So we’ve made it very easy for anyone to find information about reverse mortgages. Within our website you’ll be able to easily locate the information you need to make the right decisions. From a section which describes the reverse mortgage programs to a section that describes what the reverse mortgage process is like and what to expect, you’ll find exactly what you need to know to feel confident about your reverse mortgage decision.

Apart from making helpful information on reverse mortgages available on our website, we at Regional Reverse Mortgage are also available to provide expert advice and free no-obligation reverse mortgage counseling either over the phone or within your home. So be sure to browse through our website today at RegionalReverse.com or give us a call at 800-801-0708.

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NMLS 4855; Regional Reverse Mortgage; HUD-FHA Approved Correspondent Lender, Equal Housing Lender, Licensed Correspondent Lender by the NJ Department of Banking and Insurance. Registered Mortgage Broker-NYS Banking Department, loans arranged through third party providers, Licensed Correspondent Lender by the Connecticut Department of Banking, Licensed Correspondent Mortgage Lender by the Pennsylvania Department of Banking, Licensed Correspondent Lender by the Florida Office of Financial Regulation. Licensed by the DOC under the California Residential Mortgage Lending Act. Any information provided to Regional Reverse Mortgage is considered confidential. © 2010 RegionalReverse.com - All Rights Reserved. | Licenses and Disclosures