The increasing number of senior homeowners and seniors seeking to purchase a new home, second home or investment property is skyrocketing. Many real estate professionals love to work with these customers and the successful real estate professional always has a unique way to assist their customers. The Reverse Mortgage Loan should be included as one of your tools to assist not only past customers but to generate future ones.

The program is designed to help homeowners, aged 62 and older to maintain their current home, purchase new properties and to 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 will make NO MONTHLY PAYMENTS as long as they reside in the property.

Whether the goal is to keep their current home in increasingly uncertain financial times, buy a new property as they downsize in their retirement years, to acquire investment properties or vacation homes, a Reverse Mortgage Loan is the key to insuring their financial independence.

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

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 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!