How to apply for a loan?
After clicking the "Apply Now" button, they will ask you for your name, address, e-mail, loan balance, and the house price. The company can also ask you to upload some documents.
Requirements
The requirements which the company makes to its customers include the following points:
- Your age mustn't be less than 62;
- You must have a house and live in it;
- You must live in one of the states which are pointed on the AAG website;
- Your credit score can't be less than 620.
Application details
When applying for a reverse mortgage loan, you need a document that shows the current value of your home, your identification document, and the confirmation of your ownership of the house. Consultation with an FHA-approved consultant is mandatory. He will provide you with all possible options for you.
Your loan approval decision will appear in less than an hour. Financing a loan can take up to 7 days. Reasons for rejection may arise if the borrower doesn't meet the requirements of the company.
