STEP 1: Education
Our Loan Professionals explain all the important details of a reverse mortgage. We will help you answer two questions: Are you eligible? And, more importantly, is this suitable and appropriate for you? We need to learn more about you, your goals and your retirement plan to see if we can help you live The GoodLife in Retirement.
STEP 2: Counseling
Complete a counseling session with an independent HUD-approved counseling agency to ensure a reverse mortgage loan is a suitable option for you. Your counselor can also answer any additional questions you have to make sure a reverse mortgage is appropriate based on your personal retirement goals.
STEP 3: Application
We fill out an application with you and process your loan. We check your credit report and verify your income and assets, plus we arrange for an appraiser to inspect your home to determine property value.
STEP 4: Funding
After we approve your loan, we’ll draw up final loan documents. After any required waiting period, we fund your loan, make the appropriate payoffs and then disburse your cash proceeds so you can start living The GoodLife in Retirement.