Senior Equity Financial, Inc.

Getting Started

At Senior Equity Financial, we can provide information and guidance to help you understand how reverse mortgages work and learn the many ways this type of financial product can help you build a more secure future.

Want to get started today? Here are some of the ways we can help simplify the reverse mortgage process:

Conducting an in-home fact finding and consultation

By learning your immediate objectives and potential future plans, we can help you determine which program will work best for you and the optimum way for you to take your reverse mortgage distribution.

Preparing you for your HUD-approved consultation

Federal regulations require a consultation for anyone considering a Home Equity Conversion Mortgage (HECM). Fannie Mae Home Keeper and private reverse mortgages require counseling as well. We stay up-to-date on which FHA/HUD-approved agencies are active in HECM counseling and can help with a recommendation. In fact, we are often used as a resource by counselors who may have specific questions relating to updates or changes occurring with the federal programs.

Completing your reverse mortgage application

We will sit with you in your home to complete all the paperwork for your application. We are sensitive to the fact that you may not have completed a mortgage application in years and may not be aware of all the paperwork involved. When we have finished helping you with your application, a complete copy is always left with you for review by your family and advisors.

Streamlining the processing of your reverse mortgage

Because we’ve assisted over 1,000 homeowners with obtaining reverse mortgages, we’re usually able to identify issues before they occur. We will assist you with coordinating your home appraisal and title search, as well as help you collect all documentation to complete your loan application. Throughout the process, we will always be in frequent communication with you to help you understand what is happening and insure a quick and smooth experience.

Simplifying your closing

Your closing will occur in your home or other location of your choosing. As we work only with professionals who have experience with reverse mortgages, you’ll have a closing agent who has the patience and commitment required to walk you through the paperwork at your pace. We’ll always be involved with the closing as well, to ensure all your questions are addressed and you are comfortable through the entire process. A complete package of paperwork will always be left with you at closing and you will have a 3-day right of rescission to review and address any remaining questions.

Helping with ongoing servicing of your loan

This is where working with Senior Equity Financial is a big advantage. We make a commitment that we will always be available to help you, as questions arise or your needs change. Whether it’s going through your statement, helping you change how your monies are disbursed, or giving assistance to your family should guidance be needed, you can count on us to be there for you.

If you’re interested in learning more about reverse mortgages, Senior Equity Financial has the experience to help you understand the options and find the reverse mortgage that’s specifically tailored to fit your financial needs.

With Senior Equity Financial, your needs come first. Just call us at (800) 261-8507.