Reverse Mortgage Arizona:

Information on reverse mortgage Arizona can be found here. Looking for a reverse mortgage calculator?  You will not find one on this page.  We beleive in the old fashion on on one conversation with our clients.  Here’s how you can qualify for a reverse mortgage.  First off,  one must be 62 years of age. Your loan amount on a reverse is based on your age factor and how much equity you have in your home.  It is not based on your income or assets. Call our office and we will tell you your qualification amount.

No Junk Fees:

Yep!  That’s correct.  We will not charge you other junk fees.  We beleive in the simple process of helping our clients to be able to afford the loan product.

What Fees Can I Expect:

First there is a hecm counseling fee of $125. All borrowers must go through counseling.  The appraisal fee is set at $600.  If you require a final inspection that fee varies from $125-$175 depending upon the county code and the area.  Next is the lender fee to approve the loan. As of 9/19/17 if your loan is not a jumbo loan, the underwriting fee is $295 plus a small origination fee.  There is a higher fee for Jumbo reverse mortgages.  This fee though is subject to change.   Lastly, there are title fees, recording fees, and a days per interest charge on the loan.  Title fees vary depending upon the title company.  Therefore, we always do our best to shop around for the lowest fees for our clients.  In some cases, you might be asked to drive a little bit further just to save on title fees.  However, if money is no object we can always find a closer title company near you.  Another option is to pay for a mobile notary to come to your home and sign you.

Reverse Mortgage Home Page

 

Not sure if a reverse mortgage is still right for you?  That’s ok we still offer the following loan products:

 

FHA loans

VA loans

Conventional loans

Investment loans

Stated loans

Self-employed loans

Non-Qualified Mortgage loans

http://www.azwm.com