Reverse Mortgage Alabama in Birmingham and Huntsville has been exclusive to the industry since 2007.

RATES: Remember that a Reverse Mortgage has a floating lock (from the application date until the closing date) which means you get the best rate during the time we are processing your Reverse Mortgage. Houses are dropping in value; I know this for a fact because I was watching three houses for sale and they all dropped the price and then got less in negotiations. Appraisals are now lower, so if those newly sold homes make it on the house values appraisal. Reverse Mortgage Rate Guarantee. Reverse Mortgage rates have come down a ½ point. Mortgage company speculators try to “get ahead.” This is not the quarter point we have been waiting for since early 2022. Instead, the rates have gone up for 19 months in a row. I am 50/50 if they will cut it, but if they do it will be in September. Based on good news the speculators have almost come down a point ready. I know so many people are waiting, but I cannot see how someone on SS income can make it. Also, if you are waiting, do not miss any payments!

Reverse Mortgage Alabama helps people find a clear path toward their ideal retirement. Learn more about unlocking your home equity. I am honored to serve homeowners aged sixty-two plus throughout the South and I am dedicated to helping you leverage the power of your home equity to achieve greater financial independence. The 2024 limit for FHA Reverse Mortgages has been raised to $1,149,825. The threshold is much higher before you need a jumbo now. Ask me about fifty-five and up Reverse Mortgages and Jumbo’s for over 1.1-million-dollar homes! We make house calls to most areas!!

We close Reverse Mortgages fast- our running average is 20-30 days: from calling me until sitting at closing! Do not get less dealing with the slow out-of-town lenders, we represent many of the top lenders, but we handle the process locally until after closing, making us 2-4 times as fast to close. If you have already started the process with a long- distance lender and are not happy with the service; some loan officers’ hand your file off to ten people, I work with you the whole time as your constant and only contact. I can transfer everything in 3 days- title work, counseling certificate, and appraisal (if done already). Deal with your local expert with years of Reverse mortgage-only experience who will give you one-on-one service!

FAQ LINKS  What is a Reverse Mortgage    Reverse Mortgage Purchase.  to be used to buy your next home with a Reverse Mortgage. . Should I consider a refinance or Reverse Mortgage.  What is Financial Assessment?  Reverse Mortgage Appraisal Questions.  How to pay for in home care.

I will go over how Reverse Mortgage works, pros, and cons, answer any questions that you may have about your financial situation and your specific goals, reverse mortgage rules, reverse mortgage examples, and any other questions. I have been through elder care planning, have a good handle on V.A. benefits, have personally been a caregiver, and know more than anyone about any senior concern. I am extremely experienced in using a Reverse Mortgage to fund keeping a loved one at home. Please contact me for fast no hassle Reverse Mortgage information and an illustration.

Reverse Mortgage Alabama has been helping Alabama homeowners decide if a Reverse Mortgage would “help” towards retirement needs, pay for in-home care, or eliminate a mortgage payment since 2007. Call Scott Underwood at (205) 908-2993 Birmingham or toll free (888) 220-0393.

Huntsville, or South, Alabama to make an appointment or for a talk where I can answer questions. Reverse Mortgages can be re-financed, so if you take one out now, when the rates come down it can be re-financed with much lower closing costs. Look no further for Reverse Mortgage lenders in Alabama! I also have the ability to fund our own traditional mortgages, or we have many brokers.

I am here for you also for traditional mortgages for home purchases and refinancing your current mortgage with the strength of my parent lender- SMG Mortgage. They have had an a+ rating since 2010 and have never had a complaint. Also, SMG is one of the top three lenders each year. We can bank (fund) your mortgage or if needed we are a broker for many lenders if we need to take a different route for you.

Let us be your one-stop source to do your shopping to get you the best deal on your Reverse Mortgage, Conventional, VA, USDA, FHA mortgage or refinance.

We have a Birmingham and Huntsville office but are willing to make house calls to areas such as Vestavia, Trussville, Hoover, Leeds, Irondale, Muscle Shoals, Anniston, Gadsden, Tuscaloosa, Alabama and more! We also can work with people in Tennessee, Georgia, Mississippi! I am the Reverse Mortgage Guy near you!