Reverse Mortgage Expert Review

#4 in Reverse Mortgages

Reverse Mortgage Expert is a subsidiary service provider of American Advisors Group (AAG) that offers nationwide reverse mortgage services. They are a proud member of the Nation Reverse Mortgage Lenders Association and a Lender of the US Department of Housing and Urban Development.

Services and Features

Reverse Mortgage Expert enables consumers to experience a fast and convenient way to receive quotes for their reverse mortgage request with the help of professionals. The online platform provides a two-minute application form which requires borrowers to give details for them to be able to talk to an agent and receive a free information kit. Some information that the website demand are about the applicant’s property value, mortgage balance, property zip code and address, borrower’s name and age, and a valid phone number.

After providing information that the website needs, Reverse Mortgage Expert will redirect clients to a page where they can download free guides about Retirement, Family on Reverse Mortgage, and Reverse Mortgage. An information kit is also given to consumers where they can watch the video online to know more about reverse mortgage and if their chosen loan fit their lifestyle and needs.

Borrowers are also asked to submit their e-mail address. After a quick review from the company’s side, a reverse mortgage specialist will be calling customers a few hours after their application to address any concerns regarding their loan program.

To qualify on Reverse Mortgage Expert’s loan program, a borrower must be at least 62 years old in age or older. The borrower must also be the legal owner of the house and should be his/her primary residence. Another thing to consider is that they must meet the financial requirements provided by the HECM program.

The amount that borrowers will receive will be based on their age, interest rate, and home value. They will also have the flexibility to choose from one or more of the company’s loan disbursement options such as monthly instalments, HECM growing line of credit, and lump sum pay-out.  

Services and Features

Reverse Mortgage Calculator

Online Quotation

Refinancing

Financial Guide

Types of Reverse Mortgage

VA Loans

Single-Purpose Reverse Mortgage

Home Equity Conversion Mortgage

Proprietary Reverse Mortgage

Qualifications

Counseling

Home Owner

Amount of Equity

Not Stated

Age

62 and older

Accreditation

Member of US Department of Housing and Urban Development

Member of Nation Reverse Mortgage Lenders Association

Insured by FHA

Approved by Equal Housing Opportunity

Plan Details

No Pre-Payment

No Monthly Servicing

Not Stated

Interest Rate

Not Stated

Closing Cost and Fees

Help and Support

Mobile App

Telephone Support

Webinars

Email

FAQs

Reverse Mortgage at Reverse Mortgage Expert

If you are looking for a reverse mortgage loan provider which offer quick access to reverse mortgage loans and flexible disbursement options then Reverse Mortgage Expert might be the right choice for your needs.

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