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The
Program: A couple of easy steps to obtaining a Reverse Mortgage... Step 1 - Education and Fact finding The most important step is education and fact finding. This will help you to overcome the many misconceptions you, your family, and your trusted financial advisors may have about this program. This will also help you to understand your options, and give you the peace of mind knowing you can proceed with confidence. A Reverse Mortgage Loan Officer from AZ Loans will be glad to answer all your questions, and will provide you with additional information resources. |
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Step
2 - Counseling When you decide that a Reverse Mortgage is right for you, your AZ Loans Reverse Mortgage Loan Officer will provide you with a list of the HUD Authorized reverse mortgage counselors in your area. Included in that list will be information on how to obtain phone counseling if that is a better option for you. Upon the completion of your counseling, your Reverse Mortgage Loan Officer will prepare an easy to follow loan application package, and will arrange to get your signature and a small list of support documents |
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Step 3 - Application
and Disclosure
Our processing center will order your appraisal, and title and arrange for whatever other services are needed to submit your loan file to underwriting. Once through underwriting, we will contact you to arrange a closing at a convenient time and location. As these arrangements are being discussed, you can then advise which of the four options you have selected for the disbursement of your proceeds. |
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| The most important Step............ | |||
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Step 4 - Closing and Disbursement After the loan has closed, you will begin to receive your tax-free payout according to your chosen method. Now you can enjoy the peace of mind knowing you have enhanced your financial security without having to give up any of your rights as a homeowner, and without placing yourself, your home or any member of your family at risk. |
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| Are you ready? Let's get started with a simple application | ||
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| Your Reverse Mortgage Expert's | ||
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