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Reverse Mortgages in Lincoln

Whether you want to pursue your at-home hobbies or travel the world, more financial freedom can help you accomplish your goals. Explore opportunities to live more comfortably and optimize your retirement with extra income. Advisors at Senior Lending Corporation can help you decide if a reverse mortgage is right for you. 

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The Basics of Working With a Reverse Mortgage Company in Lincoln

Enjoy a simple, stress-free way to learn about reverse mortgages and their requirements. At Senior Lending Corporation, we’re committed to providing valuable resources and helping you make informed decisions. When you request a free information kit online, we’ll send you some details straight to your inbox. 

Typically, getting a reverse mortgage takes around 30 to 45 days. You can complete the process from the comfort of your home. To get started, we’ll ask you to schedule Federal Housing Administration (FHA) counseling at a time that works best for you. Our mortgage advisors in Lincoln will discuss everything you need to know, from the features and costs of a reverse mortgage to your eligibility. You’ll receive a certificate that’s a prerequisite for your loan.

Once you confirm you’d like to apply for the loan, your advisor can help you submit your application. An appraiser will visit your home to take pictures, measure the square footage and factor in any upgrades you’ve completed. Then, an underwriter will review the official Appraisal Report with your documentation. Once your loan is approved, a closing agent will visit to have you sign the authorization documents, and you’ll receive your funds. 

Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!

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Reasons to Get a Reverse Mortgage in Lincoln

A reverse mortgage allows eligible borrowers to access equity from their home, which can work as a secure post-retirement plan. The funding offers several benefits, including: 

  • Financial freedom: Use the flexible funding to pay for anything you wish, from paying off credit card debt, home repairs, healthcare costs to groceries or vacations. 
  • Homeownership: Live in your home for as long as you want without having to pay your monthly mortgage payments. 
  • Secure funding: Have peace of mind with funding that’s insured by the federal government. 
  • Tax-free income: Enjoy receiving direct deposits or checks that are exempt from taxes. 

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Reverse Mortgage Requirements

At Senior Lending Corporation, we offer guidance to determine if you’re eligible for Home Equity Conversion Mortgages (HECMs). While the reverse mortgages focus on helping retirement-aged homeowners, other borrowers can qualify for the loan. Some requirements include:

  • Being at least 62 years old.
  • Owning a home in good condition that’s your primary residence.
  • Owning your home debt-free or having a large amount of equity.
  • Meeting minimum income and credit requirements.
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Reverse Mortgage Application Process

There are 5 main steps to the reverse mortgage process. The entire process can all be done from the comfort of your home or in person whichever you prefer.

1

FHA Counseling

2

Application

3

Appraisal

4

Underwriting

5

Closing

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98% Client Satisfaction Rate

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Unlock Your Home’s Equity With an HECM Lender in Lincoln

Senior Lending Corporation aims to build a trusting, lasting relationship with you. When you work with us, our extensively trained specialists will gather a detailed understanding of your financial needs and unique situation. 

We have the expertise to answer all your questions about reverse mortgages and provide a seamless lending experience. Check out our client testimonials to see what local homeowners say about our exceptional services and support.

Call 800-822-1190 or contact our team to get started.