Getting a Reverse Mortgage in Nebraska is just like getting a Reverse Mortgage in any other state except that not all products are available in every state due to specific laws as well as loan limits. That is why it is important to talk to a professional such as those available to you at Hamilton Lending. Educate yourself but make sure the Reverse Mortgages you are learning about are available to you in Nebraska.
Step one: Call us! We are located right here in Nebraska
We will talk on the phone or set up a face to face meeting to discuss what Reverse Mortgages are and are not. We will also discuss which Reverse Mortgages are available here in Nebraska as well as the dollar amounts that might be available. You will have a lot of questions and we will have some for you.
Step two: Take an application
If you are ready to proceed we will begin to gather information from you so that at the proper time we will be further along the way to making your Reverse Mortgage a reality.
Step three: Counseling
Once you have decided to proceed with a certain type of Reverse Mortgage you must receive at no cost to you independent counseling. This counseling will be specific to the Reverse Mortgage that seems to best fit your need. Counseling can be done face to face or by telephone. After counseling you will receive a certificate that is necessary in order to proceed.
Step four: Processing
Now it's time for our work to really begin. We will order such things as an appraisal, credit and inspections. Many of these things you might remember from when you first bought your house.
Step five: Your Reverse Mortgage funds
We will again meet together with you at the closing of your loan.
Hamilton Lending 819 N Diers Ave, Ste 2 Grand Island, NE 68803
An overview of the Reverse Mortgage process