We have all spent more time at home than we ever imagined in the last 9 months. Your world has changed immensely over the Coronavirus pandemic, yet your home has stayed the same. A realtor client of mine called me the other day to tell me they decided to finally make the improvements to their home they have always dreamed of. He reasoned they are spending so much time there; they need to make their home more comfortable. They decided to pull out an old Jacuzzi and install a top of the line pool and hot tub with all the bells and whistles; that way they can have lots of fun with their grandkids. We are all cooking at home more often now, perhaps you would like to update your kitchen with granite countertops, or install a water line over the stove for an easy fill-up of pots, and maybe you want new flooring throughout? Now may be the time to do it. If you decide to finance your home improvements through a Reverse Mortgage (RM), HighTechLending Inc now has a No Contact RM Process. See Below:
Phone or Zoom meetings: We can discuss the RM with you, your spouse, and any family or friends that you would like to be part of the process. This can be done by phone and we can conference call anyone into that phone call. Or we can set up a zoom meeting. I could email you a link that you and your family click and it opens up a zoom meeting on your computer or cell phone. We can talk face to face and help you understand exactly how this program works.
Phone Counseling: A RM requires you to do an independent 3rd party counseling session to review the pros and cons of a RM. This can all be done over the phone.
E-sign application or app by mail: If you decide to move forward on the RM application, we can email you a link. Once you click the link it takes you to an online application process, you simply review the material, and if acceptable, click each place to sign and you are done. We are happy to walk you through that process, or we can simply mail you the documents with a return envelope.
No Contact Appraisal: Before your appraisal appointment, you prepare by opening all the doors and turning on all the lights. When the appraiser arrives with PPE on, you simply go to another room and he will walk the entire home on their own and leave quickly. The entire process often only takes 5 or 10 minutes. Most of their work is done before and after their trip to your home.
Final Doc Signing: The final docs are signed with a notary public in the convenience of your home. The notary will wear protective gear, and practice social distancing while signing your papers.
The entire loan process has been revamped to keep you and your family safe and if you qualify, allow you access to your equity to accomplish all of those things you have ever dreamed of. Rates are near historic lows and home values are near historic highs, which makes right now a great time to consider securing your equity with a RM. If you have questions regarding a reverse mortgage loan program or would like to see what you or your client qualifies for, you may contact Robert Krepps rkrepps@hightechlending.com or toll-free at 877-567-7476.
Robert Krepps, NMLS #255191, at HighTechLending Inc. HighTechLending Inc, NMLS # 7147, is an Equal Housing Lender. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.
