RTG Consultants

The Reverse Mortgage Process

We make it as easy as possible for you to obtain the reverse mortgage that's right for you. We're with you every step of the way, helping to customize a loan that meets your unique needs. And because we know these decisions can sometimes be daunting, we encourage you to seek the advice and counsel of those you trust most:  your family, friends, attorney, and accountant.

1. Getting Started
If you want to learn how a reverse mortgage will work for you, a loan advisor will visit you in your home and explain the benefits, features, income, and options. We are also currently offering a free reverse mortgage analysis.

2. Equity Release
Benefits are generated based on the following:
Appraised value of home or maximum lending limit
Borrower's age
Current interest rate

3. Taking Action
When you are ready to move forward we will assist you in completing an application request and schedule a counseling session with an approved HUD counselor. There is no charge for the counseling service.

4. Gain Independence and Remaining in Control
A lien is recorded against the home, but the borrower will retain full title to the property and remain in control of the home. The borrower continues to have the responsibility for maintaining the home and paying property taxes and insurance premiums.

5. Reaping the Rewards of a Reverse Mortgage
Once the loan has been approved and you have chosen your payout method, you can start enjoying the rewards of your reverse mortgage. Many seniors have used the funds from their reverse mortgages to:

Pay off an existing mortgage
Pay for home repairs and renovations
Fund long-term healthcare
Pay off existing debt
Healthcare + prescription drugs
Travel
Buy a boat or a summer home
Make car repairs or purchase a new car
Earn a college degree
ALMOST ANYTHING YOU WANT, the possibilities are endless

Click here for your free reverse mortgage analysis

We are here to assist you throughout the entire process. We also will gladly answer any questions or concerns you may have. We are available via telephone or email. Our contact information can be found here.

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