Process To Get A Reverse Mortgage in Beaverton Oregon

Eight Steps For You To Get A Revere Mortgage in Beaverton Oregon

Obtaining a reverse mortgage in Beaverton is pretty straight forward – get educated first, then choose an individual you can rely on to get the mortgage loan completed for you in a timely manner.

Here’s the quick and easy process:

1. Call – Simply call me and discuss with me about what reverse mortgage programs are available to you, determine if you meet the requirements, ask questions, get informed.

2. Review your needs – Go over the Reverse Mortgage, answer questions you might have and discover if it is right for you. Then schedule an consultation so a Reverse Mortgage Experts can visit you at your house, or speak to you on a predetermined call. You can encourage anyone you believe should be informed during this visit.

3. Counseling – You’ll be furnished a number of neutral HUD certified counselors to enable you to double-check all the information and make sure that you fully understand the Reverse Mortgage. Counseling is required by the government and provides you with additional reassurance.

4. Reverse Mortgage Application – During the in-home visit we will show you each of the features, expenses, payment options, and effectively answer each of your concerns. Only when you are satisfied will you start the application procedure.

5. Appraisal/Inspection – Your contact will deal with all of the appraisal and pest inspections and you will be notified of the times and dates to expect each of them.

6. Approval – The home loan package is submitted to underwriting for approval.

7. Closing – Once all the details are finished you’re going to get a telephone call to set a closing date at your home and to be sure that all the particulars are as you requested.

8. Funding – Once the 3 day right of recession you will get the expected money, any current liens will be paid off, and your reverse mortgage is going to be working for you.

The aim is always to make certain you will be kept advised without having to worry about details. When you choose a top-notch lender to work with you, your mortgage loan expert is going to take proper care of you from beginning to end.