The Reverse Mortgage Process can be a challenging landscape to navigate without the right guidance. Security One Lending makes the process as simple as possible for you. It begins with your personal Reverse Mortgage Specialist who will be your primary point of contact and will guide through each step of the process. Your specialist will be your link between you, the team of people working to complete your loan, and your new financial security.
The most important step is and to learn about the benefits and options a Reverse Mortgage can provide. You can count on your Security One Lending Specialist to be courteous, knowledgeable and thorough in presenting information and answering your questions. With some simple information, such as your age and home value, your Specialist can begin the analysis and show you how the program can impact your quality of life.
The most important step is and to learn about the benefits and options a Reverse Mortgage can provide. You can count on your Security One Lending Specialist to be courteous, knowledgeable and thorough in presenting information and answering your questions. With some simple information, such as your age and home value, your Specialist can begin the analysis and show you how the program can impact your quality of life.
Your Security One Lending Specialist will prepare the application and review with you prior to signing. A representative will meet with you in your home to assist you with the application. Unlike other companies, there is never an upfront “application fee” with Security One Lending. In fact, you are not required to pay any costs out-of-pocket throughout the process, all costs can be paid through the program.
Your Security One Lending Team will take care of coordinating the appraisal, title and necessary services to complete your application package. The appointment for the appraiser to inspect your home will be scheduled at a time convenient for you. Again, you will not be required to prepay the appraisal and we will work on a schedule that is convenient to you.
All processing of your application file will be handled by your Security One Lending Team. Your specialist will keep you informed of your loan status through each stage of the process. Once completed, all that is left for you to do is to sign the Final Loan Documents. For your convenience, the signing agent will bring the loan package and conduct the signing in your home.
Following the final signing, you are given a 3-day “right of rescission” period. This is another safeguard of the program that allows you confirm your desire to complete your Reverse Mortgage. Your loan closes after the period expires and your funds are delivered according to your direction.
From that point forward, you begin enjoying your renewed Qualify of Life with the safe and secure benefits offered by your New Reverse Mortgage. Your dedicated team of Security One Lending professionals and processes provide you with the most efficient processing in the industry. With your help, we can usually complete the entire process in about 30 days.
