Welcome to Reverse Mortgage Alabama's website! The Mission statement for Scott Underwood "The Reverse Mortgage Guy" is to set the highest standard in the Reverse Mortgage industry. Since 2007, hundreds of Alabama homeowners have trusted me to educate them on the many different Reverse Mortgage options, explain the pros, cons, benefits, and work with them in person from to start to finish.  

I cover all most of Alabama  areas from Birmingham, Gardendale, Trussville, Cullman, Huntsville.

Education is the key, when it comes to Reverse Mortgages. My pledge to you, is to complete the education process at your speed, so you are able to make an informed decision. We will discuss the steps such as mandtory counseling, the application, thr apprasial, the closing, & the funding.  We always encourage prospective clients to invite family members to be a part of the discussion with us during the education process. See tabs above; financial planners are interested in the line of credit and lifetime payments as part of a 3-6 part strategy. Some Realtors are realizing that a Reverse Mortgage for purchase can increase their clients buying and negotiating power when buying thier next home!

There is NO pressure, you may even email me for a free no obligation quote. You may ask for pros and cons because they are different depending on your situation. For clients with small or no mortgage, the funds can pay a monthly payment for life or be left in the growing line of credit! We welcome Financial Planners learning this is another retirement supplement tool and Realtors recognizing this can help Alabama's senior homeowners move to better retirement house! I have became a pro at getting this financing done in a month!

Check markUse one of our simple loan application options to Refer A Friend

 
 
Find the solution that fits your needs.

Reverse Mortgages

A reverse mortgage is a home loan that lets homeowners convert a portion of the equity in their home into cash. The equity built up over years of mortgage payments can be paid to you. Unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer use the home as their principal residence.

 

Am I Eligible?

To be eligible for a HUD reverse mortgage, HUD's Federal Housing Administration (FHA) requires that the borrower is a homeowner, 62 years of age or older; own your home outright, or have a low mortgage balance
that can be paid off at the closing with proceeds from the reverse loan; and must live in the home.

 

How Much Do I Get?

The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home or FHA's mortgage limits for your area, whichever is less. Generally, the more valuable your home is, the older you are, the lower the interest, the more you can borrow.

 
 

Quick Quote

Quick Quote Image

 
 
No errors
 
 
No errors
 
 
No errors
 
 
No errors
 
 
No errors
 
 
 
No errors
 
 
No errors
 
 
No errors
 
 
No errors
 
 
No errors
 
 
No errors
 
 
 
secure

Trusted. Experienced. Secure.

 
 
 

Real Estate Marketplace

Home SearchView Featured HomesDream Home RequestHome Value Wizard