David A. Stokes
Reverse Mortgage Consultant
FREE Local education & advising from the Coast to the Mountains
Your retirement years should be spent without financial worry. So if you're 62 years of age or older, now may be the time to consider a reverse mortgage to unlock the wealth
you've built up under your own roof. And you can do it while still living in your home and remaining the owner! Our role is to help you understand how a reverse mortgage works, help you to determine
whether it's right for you, help you through the loan process, and answer your questions. Contact us today for a free consultation. We'll help you understand how to turn your home equity into
I am your local, experienced and professional reverse mortgage specialist.
As the nation's leading retail originator of reverse mortgages, I have the experience to help you spend a secure and comfortable retirement in the home you've grown to love.
- Prompt communication
- Dedication to meeting your home financing needs
- High commitment to customer service
- Competitive rates and fees
- Responsive and professional service
Contact me today for a free consultation - I will help you understand how you can secure your retirement with a reverse mortgage.
Steps for Getting Reverse Mortgage
- Discuss Your Situation With Me
The first step is to learn about reverse mortgages. They're unlike any other mortgage you've had before, but they can provide a lot of financial flexibility even while allowing you
to live in and keep your home. Besides reviewing the material here on my Web site, one of the best ways to learn what you need to know about reverse mortgages is to simply give me a call. I'll be
glad to help you understand the loan and answer any questions you have.
- Get Financial Counseling
To ensure that you understand the loan, independent third-party counseling is highly recommended (for some types of reverse mortgages, it's required). This is usually provided by a
HUD-approved nonprofit agency, and often it can be done over the phone. The counselor will explain your options and your eligibility. I'll provide a list of counselors that you'll be able to select
from. And of course you can consult with me at any time.
- Apply for Your Reverse Mortgage
You can apply for your reverse mortgage with me by using a special reverse mortgage application that I can provide (or I can take your application over the phone). I'll help you to
determine the right option to meet your needs, and I'll gather the necessary documentation, such as Social Security number verification and property information.
- Loan Processing & Underwriting
As part of your loan application, I'll order title work and an appraisal for your home. In some cases, a home inspection may be required. When all the necessary information is
gathered, your loan will be submitted for approval.
- Loan Closing & Disbursement
Your loan will be scheduled for closing, and final figures will be prepared. You'll have three days after closing in which you can cancel the loan, if you wish. After that, you'll
have access to the funds from your reverse mortgage, according to the disbursement option you selected.
As long as your property remains your principal residence, you'll never have to make a monthly mortgage payment. Instead, you'll be able to access funds from your home through the
payment option you selected.
The loan can be paid off by the borrower or the borrower's estate, typically with proceeds from the sale of the home (although a home sale is not required). The repayment option
cannot exceed the home's market value.
Either Call Me directly or Call Omega Care Planning Council for a consultation either at the corporate office or at your location... 919-552-3111