Page 16 - Your Guide to RM Booklet
P. 16

The Reverse Mortgage Process


      Here is a step-by-step look at the reverse mortgage process.
      AAG professionals are here to listen to your goals, look at
      your current financial situation, and answer any questions
      you may have.




















           Call AAG                          Counseling and                      Processing and                     Closing
                                             Application                         Approval


           The first step is to learn        In order to safeguard               Your loan application              If approved, a closing
           more, and the best way            your interests, HUD                 will be processed using            agent will contact
           to determine if a reverse         requires all reverse                AAG’s LendForce TM                 you to sign the final
           mortgage suits your specific      mortgage loan                       system. We will then               documents and discuss
           situation is to chat with         applicants to undergo               schedule an appraisal              any funding questions
           an AAG professional. No           reverse mortgage                    to determine the value             you might have.
           question is too big or too        counseling. Your AAG                of your property-a
           small. Our licensed reverse       professional will be                requirement for
           mortgage professionals            happy to help you with              every mortgage
           will walk you through a           the entire process,                 application. The
           free, no-obligation financial     submit the required                 appraisal will be added
           snapshot of your situation,       items and answer any                to your application
           determine how much you            of your questions along             and submitted for
           may qualify for, and help you     the way.                            underwriting review.
           understand your options.




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