Reverse Loan Process
As Easy as 1….2…3
Step 1: Private mortgage consultation with a Reverse Specialist
- A GMFS Reverse Specialist will explain reverse products and recommend a product to best compliment your needs.
- GMFS will provide you with a personalized proposal outlining all aspects of the reverse mortgage product you select.
Step 2: Private Counseling
- GMFS will provide a list of reputable counselors. The role of the counselors is to review the reverse mortgage product with you objectively to ensure you are fully understand everything and are ready to move forward.
- Private counseling sessions are a requirement to move forward with any reverse mortgage product.
Step 3: Completion of Application
- Upon completion of the private counseling session, GMFS will order the home appraisal, submit the loan for final approval and schedule a closing date with the borrower.
