Legal professionals maintain a tremendously important role in many people's lives. As their counselors and trusted advisors, legal professionals are asked to find solutions to many of the challenges their clients face. The Reverse Mortgage Loan should be considered an important tool in the resolution of these challenges.

The program is designed to help homeowners, aged 62 and older to enjoy their homes and enhance their quality of life. The Reverse Mortgage Loan is a non-recourse loan that releases home equity and converts it into tax-free income without any restrictions on how the funds are used. The borrower will continue to own their home and make NO MONTHLY PAYMENTS as long as they reside in the property.

Whether the goal is to augment income, estate planning, acquiring insurance, use as liquid capital, or just to enjoy their retirement years; a Reverse Mortgage Loan is the key to unleashing home equity to insure financial independence.

• Reduces the impact of and provides funding for estate taxes.
• Increases liquidity while eliminating monthly expenses thereby providing a greater monthly income-stream.
• Provides funding for real estate taxes, homeowners insurance and upkeep.
• Provides funding for healthcare, medical treatments, and long-term care insurance.
• Provides funding for life insurance products and/or annuities.
• Can be used to Purchase a new property.

1. Some basic borrower information is provided to 1st Reverse by yourself or the Senior by telephone, fax, email, or via our website.
2. A member of 1st Reverse will create and present a Customized Reverse Mortgage Summary plan to the Senior and their advisors, which explains the features, benefits, income options and costs.
3. When the Senior is ready to proceed, we will then provide a list of Reverse Mortgage counseling sources for the Senior to complete the mandatory counseling which is associated with the Reverse Mortgage program. This typically takes about 1 hour and is provided free of charge.
4. After they have obtained their counseling certificate, then 1st Reverse will work directly with the Senior to complete the loan application.
5. The Reverse Mortgage loan is then processed by the 1st Reverse; including appraisal, title, inspections and verifications. Once this information has been collected and reviewed, the application is then underwritten based upon the verified information.
6. Once approved, the Reverse Mortgage loan then closes and the funding options selected by the Senior are put in place. They now have access to their funds to use in anyway that they choose, Tax-Free!