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Checklist needed for a reverse mortgage transaction

by yvette934 from , California. Mar 10th 2016 Reply


William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,927 contributions

Your loan officer will be more than happy to provide you that list once you apply. Each loan will be different and will require different supporting documentation which will be specific to you.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Mar 10th 2016
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Larry Gray (lgray_312_247)
#566 ranked lender in California - 1,127 contributions

I would be happy to assist in addressing any questions you might have about a reverse mortgage. I presume you want a checklist of documents required? You can just go into my profile here at Lender411.com and email or call. We are in California.

Mar 10th 2016
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Jesse Stroup (jessestroup)
#199 ranked lender in California - 591 contributions

I list of information needed for a reverse mortgage is small but may depend on the mortgage lender. I hope this helps.Jesse Stroup | Mortgage Banker | California NMLS# 6229 | 510-704-3445Please contact me for more information.

Mar 11th 2016
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Sara Deere (SARAinMO)
#1 ranked lender in Kansas - 503 contributions

Now with the financial assessment in place, one trying to obtain a reverse mortgage needs to be about the same documentation as a regular mortgage. The basic items needed are two forms of ID and at least one needs to have a picture, two months of bank statements, two years of Federal tax returns including all forms and schedules, and the social security award letters. Also you need to provide the insurance agent information, and possibly with any power of attorney, trust, or homeowner's association.

Mar 11th 2016
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