Steps to a reverse mortgage
Steps to a Reverse Mortgage

You are 62 years or older and you own a home. You have heard how a reverse mortgage can allow you to borrow against the equity in your home while you still live in it and do not have to pay back until you leave the home permanently. No more monthly mortgage payments.

This might be the right financial solution for a current or future needs. You can use a reverse mortgage to pay off your existing mortgage and lower your monthly expenses. You can use it to pay for health care. Or it might just provide you with the peace of mind that comes from knowing you have cash available. The following are the steps involved in a reverse mortgage transaction. Click on the links below for details on each step.

  1. Up Front Education
  2. Counseling
  3. Application, Fees & Disclosure
  4. Loan Processing and Underwriting
  5. Closing
  6. Disbursement of Funds
  7. Life of Loan Issues
  8. Settling the Loan Account



How Much Do I Qualify For?
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Land Home Financial Services, Inc. is an Equal Housing Opportunity Lender . The rates, loan programs, fees, options and guidelines in any loan scenario shown: (i) are for illustrative purposes only; (ii) are subject to change without notice; (iii) are subject to restrictions; (iv) will not apply to all borrowers or situations; and (v) do not represent a commitment to lend. Contact a Mortgage Loan Originator for details. Land Home operates only in states where it is authorized to conduct business. Branch location: 1355 Willow Way, Suite 250, Concord, CA 94520. NMLS #1796. To view states licenses go to NMLS Consumer Access or click here.

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