Initial Consultation: We begin by scheduling an initial consultation with your experienced reverse mortgage expert. During this meeting, we will discuss your specific financial needs, explain the features of our reverse mortgage products, and answer any questions you may have.

Application: Once you've decided to move forward with a reverse mortgage, we will assist you in completing the application. This will involve providing personal information, verifying your age and homeownership, and disclosing your financial situation. We will guide you through the application process to ensure all necessary documentation is gathered.

Financial Assessment: As part of the process, a financial assessment will be conducted to evaluate your ability to meet your financial obligations, such as property taxes and homeowner's insurance. This assessment helps determine your eligibility and ensures you can maintain the home throughout the loan.

Appraisal: To determine the value of your home, an appraisal will be conducted. This appraisal is necessary to establish the maximum loan amount you may qualify for based on the home's current market value.

Loan Processing and Underwriting: After submitting your application and appraisal report, our team will process and underwrite your reverse mortgage. This involves reviewing your application, verifying the information provided, and assessing your eligibility for the loan.

Closing and Disbursement: Once your reverse mortgage is approved, we will schedule a closing appointment. At the closing, you will review and sign the necessary loan documents. After the closing, there may be a mandatory waiting period before the loan funds are disbursed. This waiting period allows for the right of rescission, giving you time to reconsider the loan.