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Hello
I have been a Reverse Mortgage specialist since 2002 and live in Summerville, SC. My goal is to help you understand what a Reverse Mortgage is and how it might help you achieve your financial objectives. My approach is to provide all the information you need in a relaxed atmosphere. Then you can make an informed decision that is right for you-either now or in the future. I will answer all your questions and furnish a personalized information packet that addresses your unique situation. You can expect straight talk and absolutely no pressure. Reverse Mortgage financing is a smart choice for many people, but not everyone is a good candidate. I won’t attempt a hard sell, or try to talk you into something you don’t want, need, or understand. We can meet in the comfort and convenience of your home if you decide to apply. I will then guide you through the reverse mortgage process step by step, keeping you informed on the loan’s progress form beginning to end. The following is the step by step process I follow. |
George Stewart Reverse mortgage consultant NMLS 506558 Family First Funding 311 Johnnie Dodds Blvd. Suite 151 Mt. Pleasant, SC 29464 |
The Reverse Mortgage Process
Inquiry
Goals-It is important that I understand what you wish to accomplish with a Reverse Mortgage.Then we can determine, together, if a Reverse Mortgage makes sense for you.
Education-This is to assess your understanding of what a Reverse Mortgage is and how it works.We will discuss the Reverse Mortgage program and answer your questions. My goal is to make a Reverse Mortgage easy to understand and address any concerns you may have.
Estimate-The next step is to provide a Reverse Mortgage estimate and review it together.
Loan Comparison- You will receive a personalized Reverse Mortgage information packet customized to your particular situation. We will review this together and
I will answer your questions at that time.
Then, if you want to apply, we will select the program you like best and move you
to counseling.
Counseling
I will provide a list of HUD approved Reverse Mortgage counselors in your state and HUD Intermediaries providing counseling nationwide. You will make an appointment for counseling at the agency of your choice.
Application
We can start the application process once counseling is completed. I will gather your information over the telephone and then meet with you in your home if possible.**
I will address any concerns you have about the application, and we won’t go forward unless you are satisfied.
After the application is signed, I will pick up the required documents we have discussed in our conversation(s). These will include photo identification, verification of Social Security number, counseling certificate, mortgage statement (if any), Social Security Awards Letter or other income verification, and any other documents that were requested.
You will receive an unsigned copy of the application documents when the signing is complete.
Processing
We will order services such as an appraisal, title, credit report, lien payoff (if any) and any additional services that may be necessary to process the loan.
Appraisal-An independent FHA approved appraiser will contact you and set up an appointment at your convenience.
Follow Up-I will stay in close contact and guide you through the Reverse Mortgage process each step of the way. I am available to answer your questions all the way from application to funding.
Inquiry
Goals-It is important that I understand what you wish to accomplish with a Reverse Mortgage.Then we can determine, together, if a Reverse Mortgage makes sense for you.
Education-This is to assess your understanding of what a Reverse Mortgage is and how it works.We will discuss the Reverse Mortgage program and answer your questions. My goal is to make a Reverse Mortgage easy to understand and address any concerns you may have.
Estimate-The next step is to provide a Reverse Mortgage estimate and review it together.
Loan Comparison- You will receive a personalized Reverse Mortgage information packet customized to your particular situation. We will review this together and
I will answer your questions at that time.
Then, if you want to apply, we will select the program you like best and move you
to counseling.
Counseling
I will provide a list of HUD approved Reverse Mortgage counselors in your state and HUD Intermediaries providing counseling nationwide. You will make an appointment for counseling at the agency of your choice.
Application
We can start the application process once counseling is completed. I will gather your information over the telephone and then meet with you in your home if possible.**
I will address any concerns you have about the application, and we won’t go forward unless you are satisfied.
After the application is signed, I will pick up the required documents we have discussed in our conversation(s). These will include photo identification, verification of Social Security number, counseling certificate, mortgage statement (if any), Social Security Awards Letter or other income verification, and any other documents that were requested.
You will receive an unsigned copy of the application documents when the signing is complete.
Processing
We will order services such as an appraisal, title, credit report, lien payoff (if any) and any additional services that may be necessary to process the loan.
Appraisal-An independent FHA approved appraiser will contact you and set up an appointment at your convenience.
Follow Up-I will stay in close contact and guide you through the Reverse Mortgage process each step of the way. I am available to answer your questions all the way from application to funding.
Underwriting
After the processing is completed, the loan goes to underwriting for approval.
Closing
If approved, we will discuss the final numbers and payment plan and set up a tentative closing date.
Funding
You have three business days after signing the closing documents in which to cancel the loan. The loan will fund when this rescission period expires.
** I will not always be able to meet with clients in their homes due to travel and time restrictions.
Home
George Stewart
Reverse Mortgage Consultant NMLS 506558 (843) 771-3677 Office (843) 818-7676 Cell Advisors Mortgage Group LLC 242B Luden Drive Summerville, SC 29483 Branch NMLS # 2556464 |
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Copyright © 2023 by George Stewart
All rights reserved. The author is solely responsible for this content and is not affiliated with or acting on behalf of any government agency.
All rights reserved. The author is solely responsible for this content and is not affiliated with or acting on behalf of any government agency.
This material is not from, approved, or issued by the FHA, HUD, or any government agency. The content on these pages is for informational purposes only and is subject to change without notice. Please consult a professional for tax or financial advice.
A reverse mortgage is a home loan and not a government benefit. The borrowers must continue to own and occupy the property as the primary residence and are responsible for paying property taxes, homeowner's insurance, and property maintenance.
A reverse mortgage is a rising debt, falling equity loan. Negative amortization causes the loan balance to increase as accrued interest and fees are added. Failure to comply with the terms and conditions of the loan could trigger a loan default that results in foreclosure.
Subject to underwriting approval. Application is required and not all applicants will be approved. Full documentation and property insurance required. Loan secured by a lien against your property. Fees and charges apply and may vary by product and state. Terms, conditions and restrictions apply.
A reverse mortgage is a home loan and not a government benefit. The borrowers must continue to own and occupy the property as the primary residence and are responsible for paying property taxes, homeowner's insurance, and property maintenance.
A reverse mortgage is a rising debt, falling equity loan. Negative amortization causes the loan balance to increase as accrued interest and fees are added. Failure to comply with the terms and conditions of the loan could trigger a loan default that results in foreclosure.
Subject to underwriting approval. Application is required and not all applicants will be approved. Full documentation and property insurance required. Loan secured by a lien against your property. Fees and charges apply and may vary by product and state. Terms, conditions and restrictions apply.