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How long does it take to go from a reverse mortgage to a 15 year fixed?

My credit score is excellent, and I have 50% down on a 320k property. Please advise. by sandy55218 from Allen Park, Michigan. Aug 27th 2015 Reply


About 30 days - call me at 248-901-1700 x201 and we can get you approved fast

Aug 27th 2015
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William J Acres (William_Acres)
#0 ranked lender in Arizona - 8,726 contributions

It's a simple refinance.. most lenders can close your loan inside of 30 days.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. 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

Aug 27th 2015
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I am from Mi also. Will take about three weeks since u will need an appraisal my contact is Wall Street Lending586-726-8478Sharon@wslmi.com

Aug 27th 2015
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