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    • HOME
    • ABOUT US
    • FAQ
    • VIDEO WHY REVERSE MTG.?
    • WHY US FOR YOUR REVERSE
    • DISPELLING COMMON MYTHS
    • DEATH & REVERSE MORTGAGE
    • GOING TO ASSISTED LIVING?
    • REVERSE NOW OR LATER ?
    • REVERSE AND CREDIT SCORE
    • REVERSE MTG PROS AND CONS
    • REVERSE FOR HOME PURCHASE
    • REVERSE MORTGAGE CONDOS
    • REFINANCING A REVERSE MTG
    • REVERSE MORTGAGE OR HELOC
    • THE APPLICATION PROCESS
    • Library
    • ILLINOIS COUNTIES SERVED
    • ILLINOIS JUMBOREVERSE MTG
    • COOK COUNTY
    • WILL COUNTY
    • GRUNDY COUNTY
    • LAKE COUNTY
    • McHENRY COUNTY
    • KENDALL COUNTY
    • KANE COUNTY
    • WINNEBAGO COUNTY
    • DuPAGE COUNTY
    • BOONE COUNTY
    • LaSALLE COUNTY
    • KANKAKEE COUNTY
    • ST. CLAIR COUNTY
    • FLORIDA COUNTIES SERVED
    • FLORIDA JUMBO REVERSE MTG
    • BROWARD COUNTY
    • MIAMI-DADE COUNTY
    • PALM BEACH COUNTY
    • PINELLAS COUNTY
    • BREVARD COUNTY
    • HILLSBOROUGH COUNTY
    • SARASOTA COUNTY
    • DUVAL COUNTY
    • LEE COUNTY
    • LEON COUNTY
    • COLLIER COUNTY
    • PASCO COUNTY
    • ORANGE COUNTY
    • VOLUSIA COUNTY
    • SEMINOLE COUNTY
    • Contact Us
  • HOME
  • ABOUT US
  • FAQ
  • VIDEO WHY REVERSE MTG.?
  • WHY US FOR YOUR REVERSE
  • DISPELLING COMMON MYTHS
  • DEATH & REVERSE MORTGAGE
  • GOING TO ASSISTED LIVING?
  • REVERSE NOW OR LATER ?
  • REVERSE AND CREDIT SCORE
  • REVERSE MTG PROS AND CONS
  • REVERSE FOR HOME PURCHASE
  • REVERSE MORTGAGE CONDOS
  • REFINANCING A REVERSE MTG
  • REVERSE MORTGAGE OR HELOC
  • THE APPLICATION PROCESS
  • Library
  • ILLINOIS COUNTIES SERVED
  • ILLINOIS JUMBOREVERSE MTG
  • COOK COUNTY
  • WILL COUNTY
  • GRUNDY COUNTY
  • LAKE COUNTY
  • McHENRY COUNTY
  • KENDALL COUNTY
  • KANE COUNTY
  • WINNEBAGO COUNTY
  • DuPAGE COUNTY
  • BOONE COUNTY
  • LaSALLE COUNTY
  • KANKAKEE COUNTY
  • ST. CLAIR COUNTY
  • FLORIDA COUNTIES SERVED
  • FLORIDA JUMBO REVERSE MTG
  • BROWARD COUNTY
  • MIAMI-DADE COUNTY
  • PALM BEACH COUNTY
  • PINELLAS COUNTY
  • BREVARD COUNTY
  • HILLSBOROUGH COUNTY
  • SARASOTA COUNTY
  • DUVAL COUNTY
  • LEE COUNTY
  • LEON COUNTY
  • COLLIER COUNTY
  • PASCO COUNTY
  • ORANGE COUNTY
  • VOLUSIA COUNTY
  • SEMINOLE COUNTY
  • Contact Us

REVERSE MORTGAGES APPLICATION PROCESS


SEVEN EASY STEPS



TAKE STOCK OF YOUR CIRCUMSTANCES


Take stock of your financials needs and goals.

Determine if  Reverse Mortgages are right for you and your family. Next..the application process.


THE PAPERWORK


Fill out an application with supporting documents. This can be done face to face in your home or remotely.

Easy and straight forward.

Have HUD approved counseling. 

This can be done in person or via telephone.

Takes about an hour and is NOT a test, but an opportunity to ask a third party questions and to ensure you are fully aware of the program and how it pertains to you. All will be thoroughly explained in person or remotely prior to counseling session.


ESTABLISH HOME VALUE


The lender will have a HUD approved appraiser establish value of the home.


LOAN PROCESSING AND UNDERWRITING


We will send all required documents to lender. They will issue loan approval.

If any other documents are required, we will contact you.


LOAN CLOSING


We will send a closer to your home, if you wish, or in our office or title company. If in your home, every safety precaution will be strictly adhered to.


RECEIVE FUNDS


If you have a mortgage being paid off, this will occur at this time.

If you are receiving funds, this can be automatically deposited into your account or an overnight check sent to you. Credit line will also be established at this time.You decide how funds will be disbursed.

All of this occurs after 3 day right of recission. You need a reverse mortgage broker specialist.



Find out more

Senior Reverse Mortgage Group.Inc. Illinois and Florida Residential Mortgage Broker License #1606823.






 



This  material is not from HUD or FHA and has not been reviewed by HUD or a  government agency. 



Serving All Illinois And Florida With Local Office