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NMLS#: 53185

Reverse Mortgage Financial Assessment

The Department of¬†HUD¬†introduced a financial assessment requirement¬†effective on April 27, 2015, for all Reverse Mortgages applicants. Now applicants have to demonstrate that they have the ability to pay their monthly expenses. Although this will help reduce the number of defaults…

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Reverse Mortgage Counseling Process

Before applying for a reverse mortgage, you are required to attend a 3rd party counseling session. The¬†U.S. Department of Housing and Urban Development (HUD)¬†sponsors housing counseling agencies throughout the country and counseling is available in many languages.¬† Participating in the…

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The Reverse Mortgage Process

The Initial Consultation ¬†¬†¬† The first step in the process begins with an initial consultation which can be very informational. During the consultation we will discuss how a reverse mortgage works, discuss your specific options in detail and¬†answer all your…

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