• Phone: (714) 420-1997
    Email: vlong@uamco.com

  • How to Get the Most Out of the Reverse Mortgage Process

    August 9, 2017
  • Retirement is the time to let go of most of your worldly responsibilities and simply enjoy life as much as you wish to. Unfortunately, most retired people don’t have the finances to help them live a comfortable life and must rely on their limited retirement savings to fulfill their day-to-day requirements.

    You can have a little more financial flexibility with the help of reserve mortgage loans. At United American Mortgage Corporation, we have experience with the reverse mortgage process and can guide you through it.

    best reverse mortgage lenders

    How do we help you find the best reverse mortgage lenders?

    When you apply for a reverse mortgage loan, you place your property as collateral and capitalize on the accumulated equity. This isn’t a decision you can take lightly so you need to understand the advantages and disadvantages offered by every company. Here’s how we can help you find the best reverse mortgage lenders:

    • Understand your requirements – Our first step is to understand your requirements and your financial situation. Our experts will also explain all your alternatives because reverse mortgage is often the last resort rather than the first solution.
    • Explain the conditions involved – You can apply for this loan if you have equity on your property, intend to remain there until your demise or until you sell your property, or if you intend to move to a senior care facility. You also need to be at least 62 years old in order to qualify. There are several other terms and conditions involved and our broker will take time to explain everything to you.
    • List of the best home loan companies – Once our brokers understand the terms and conditions, they’ll provide a list of home loan companies with excellent track records with reverse mortgages. They’ll explain why they have particular loan companies on their list so you can make the right choice. They’ll offer an unbiased opinion based on their experience so you can be sure that they’ll only recommend a company that’s a good fit for you.
    • Help you make the choice – You can then go over the pros and cons of every company on their recommended list, ask questions, and determine which company the ideal choice for you before asking them to assist with the application process.

    If you want to know more about irvine home loans or find the best mortgage deal for your requirements, don’t hesitate to contact us at United American Mortgage Corporation.

    Address

    19782 Macarthur Blvd, Suite 250

    Irvine, CA 92612

    (714) 420-1997

    vlong@uamco.com