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| Steps you will follow |
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The reverse mortgage loan process involves several steps that both the lender and homeowner are required to follow in Georgia.
These steps are designed to protect and educatate you so you can make the best informed desicion for your future.
Here are the steps you can expect to go through:
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| 1. Call us or fill in our 'Contact Us' form. |
| Once you submit the form or call us we will ask you a few questions and then route you to a loan officer. |
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| 2. Receive Upfront Education. |
| A loan officer will contact you to answer all your questions and help you pick a reverse mortgage loan product that is right for your situation. |
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| 3. Go to Counseling. |
| Financial counseling from an approved counseling agency will be provided. The agency in Georgia will provide counseling in order to make sure that a reverse mortgage loan is truly your best option. |
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| 4. Application/Disclosure. |
| Fill out the appropriate loan applications we provide. |
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| 5. Processing. |
| As with any loan the home must be appraised and physically inspected. |
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| 6. Underwriting. |
| The loan after all the information is gathered must be approved. |
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| 7. Closing. |
| Sign the loan documents. |
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| 8. Disbursement. |
| You start receiving your checks. |
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| 9. Repayment. |
| The loan is repaid when you no longer live in the home as your principal residence. The loan may be repaid by you or your heirs/estate, with or without a sale of the home. The repayment obligation will never exceed the homes value or sale price. |
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Reverse Mortgage Loans Georgia provides reverse mortgages, loan information and resources to guide homeowners through the process of buying a reverse mortgage loan. Reverse Mortgage Loans USA can help you find a top mortgage professional specializing in reverse mortgages, the best educational information, important links to external reverse mortgages resources, like the NRMLA and HUD and more. Our site connects you with local mortgage brokers that will help you through the reverse mortgages loan process to ensure a successful loan. We also provide answers to frequently asked questions, articles and a blog with relevant current news. If you or a loved one are aged 62 or over, get the facts about reverse mortgages, find out if they meet your mortgage requirements and review the steps you will take if you decide to start the reverse mortgage loan process. We encourage you to read our privacy policy and terms of use and hope that you enjoy using the Reverse Mortgage Loans USA site.
Copyright 2007 HomeXperts, Inc. |
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| Georgia is a state in the Southeastern United States and was one of the original Thirteen Colonies that revolted against British rule in the American Revolution. It was the last of the Thirteen Colonies to be established as a colony, in 1733. It was the fourth state to ratify the United States Constitution, on January 2, 1788. It seceded from the Union on January 21, 1861 and was one of the original seven Confederate states. It was the last state readmitted to the Union, on July 15, 1870. Georgia is one of the fastest-growing states in the United States, with its population increasing from 8,186,453 in 2000 to an estimated 9,072,576 people in 2005. Georgia is also known as the Peach State and the Empire State of the South. The largest city, and capital, is Atlanta. |
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