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Reverse Mortgage Loan

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Announcement ID: #256567
Published on 07-01-2023
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Contact

Standard Lenders - A Reverse Mortgage Company
15315 Magnolia Blvd #328, Sherman Oaks, CA 91403,
91403
Sherman Oaks
California
Usa
Phone: 1
Send an Email
  • Type of sale:
    A la Compra
  • Estado:
    Good
3 000.00 $

Description

How long does it take for a reverse mortgage to close?
On average, reverse mortgage companies take approximately 2 months from start to finish. However, due to our efficient streamlined process, Standard Lenders averages 35 days from start to finish. In addition, the borrower will set the tone as to how soon the required counseling is completed, documentation is submitted, and preparation for an appraisal. The faster the borrower moves, the faster we move. However if a borrower elects to take their time, we respect their decision and move at their pace.
What is the criteria for a reverse mortgage lending?
You must be at least 62 years of age (55 for Jumbo products), have equity in your home, and live in your home. There is also a financial assessment requirement,
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