Step 1:
Information

Homeowner receives Reverse Mortgage mailer from ANMC and calls for additional information; information packet sent, including personal comparison for Reverse Mortgages.

Step 2:
Counseling

Homeowner seeks mandatory counseling from HUD approved counseling agency and certificate issued, list of counselors can be provided by ANMC.

Step 3:
Application

Homeowner completes Reverse Mortgage application, signs and returns with all required documents.

Step 4:
Processing/Closing

ANMC orders appraisal, title work and any payoff for liens; an appraiser comes to your home to assess the value; closing takes place at local title company or in your home.