WHAT ARE THE STEPS

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WHAT ARE THE STEPS

Post  Foster Brown on Tue Feb 05, 2008 10:28 am

What are the steps I need to take to start this process

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Re: WHAT ARE THE STEPS

Post  Paul Jamison on Thu Feb 07, 2008 10:42 am

If you own your home you can receive free information about reverse mortgages by calling AARP at: 1-800-209-8085, toll-free and they will tell you the steps how to proceed.

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Re: WHAT ARE THE STEPS

Post  Linn F on Thu Feb 07, 2008 12:41 pm

1st you need to decide if a reverse is for you or not. I got a FHA HECM reverse mortgage then you have to get HUD approval, and submit an application. There are several steps that you have to go through. From when I started to when I finally ended it took approximately 5 weeks for me to get my loan completed.

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