Welcome to Reverse Mortgage Alabama's website! Scott Underwood "Alabama's Reverse Mortgage Guy" gives you the highest level of service 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. 

Would it not be great to work with a local person and have great personal service, but also have the backing of knowing your Reverse Mortgage is with America's largest Reverse Mortgage Lender? I cover all most of Alabama areas from Hoover / Birmingham,  Cullman, Huntsville, Anniston / Gadsden, Montgomery, and Gulf Shores!


Realtors  Click to learn how to use a Reverse Mortgage to buy a house! We have a dedicated team to handle this process of buying a house with a HECM (Reverse Mortgage) Purchase and close as fast as using a traditional mortgage!

 
Click to read story from Reuters News-A new wave of US mortgage trouble treatens- Home Equity Lines of credit (HELOC).

 Financial Planners are interested in the line of credit and lifetime payments as part of a 3-6 part strategy. 

Click to read about Reverse Mortgages and In Home Health Care.


I will complete the education process at your speed, so you are able to make an informed decision. We will then discuss the steps such as mandatory counseling, application, appraisal, closing, & funding.  We always encourage prospective clients to invite family members to be a part of the discussion with us during the education process. 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 and have partner programs for Financial Planners, Realtors, Banks, and "Forward" Mortgage Lenders!    We are very efficient and close in 30 days!
 

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.

 
 

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