From Application to Funding Reverse Mortgage Loans

Reverse Mortgage Loans are specifically designed for people who are 62 years of age or older so that they can enjoy the golden years of their life with peace and financial stability. But, the only requirement is that they must own a house, with their name on the title.

Reverse Mortgage loans are federally insured programs and hence, require little time from application to funding. The borrower needs to submit the essential documents to the bank on time to accelerate the loan process. You can make this possible by working with reverse mortgage counselors who will help you gather and organize all of the application information to ensure that you do not miss out on any information before applying.

Generally, it takes about 30-45 days to complete the whole loan process. Once the final documents are signed, it usually takes 3 more days to receive your final papers. Eligible borrowers are over62 years of age and must own the home, with their name on the title.

Reverse Mortgage Group helps senior borrowers by providing assistance, guidance, and advice during the reverse mortgage loans process. If you need any assistance with the process, then complete the form (Link) available on the website.