The reverse mortgage process is designed to go rather slow so you learn and understand more about the product as the process unfolds. Here’s how it works: 1. Education Learn about the different product options and your specific numbers to see it it’s right for you.
1. We Focus on Education
For many people, the first time they review a reverse mortgage is usually on the phone or in person with a mortgage company or mortgage broker. These loans have 4 levels of education: the basics of the program, your personal numbers, HUD-approved counseling, and the disclosure process.