Washington D.C. Reverse Mortgages
A Washington D.C. reverse mortgage can help you achieve the financial freedom you deserve while living in the state you love.
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Washington D.C. Reverse Mortgage Process
If you’re looking for a Washington D.C. reverse mortgage company, GoodLife is backed by years of experience and is committed to helping seniors achieve the retirement they deserve. We break our reverse mortgage application process down into four simple steps:
First, we learn about you, your goals, and your circumstances to establish whether a reverse mortgage in Washington D.C. could be a good solution to your needs.
Before submitting your application, HUD requires all potential borrowers to attend an approved counseling session with an objective third-party who can provide additional clarity into the HECM program.
During this process, an FHA-approved appraiser will conduct a property valuation and confirm it meets the eligibility criteria..
After the loan is approved and closing costs are paid, GoodLife® will distribute the loan proceeds. To receive an estimate of how much you may be able to borrow, use our free reverse mortgage calculator..
Reverse Mortgages in Washington: FAQs
If you have remaining questions about reverse mortgages in Washington D.C., refer to our reverse mortgage FAQ for additional answers.
How are reverse mortgages calculated?
How are funds dispersed?
At GoodLife, you have the choice to receive your loan proceeds as a lump sum, line of credit, or monthly installment.
When must the loan be repaid?
A reverse mortgage becomes Due and Payable when it reaches a maturity event, such as vacating the home or the passing of the last borrower on the loan.