Who Qualifies for Our Reverse Mortgage Program?
Finding out who qualifies is as easy as asking your clients four questions:
1. Name
2. Age (must be at least 62 years old)
3. Address
4. Estimated property value
With that information, Direct Finance Corporation can determine if your client is eligible for a Reverse Mortgage. Notice that there are:
- No income requirements
- No asset requirements
- No need for upfront social security number
- No upfront credit reports
- No minimum credit score
- No health requirement
If your client qualifies and has interest in obtaining a reverse mortgage, you then follow a straightforward HUD checklist. Direct Finance is responsible for the actual loan application, processing, and closing while you enjoy improving the quality of life for your client and building your referral network. Of course we’ll offer you training and support so that you can learn all the advantages of a reverse mortgage and just as importantly when a senior should not take a reverse mortgage.
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Learn How Your Client Can Receive Any Combination of
- Lump Sum Amount of Money
- Monthly Check for “life’
- A “growing” line of credit
Did you know that Reverse Mortgages
are NON-RECOURSE?
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