Underwriting for reverse mortgages is much like underwriting for a traditional mortgage, except that there is no income documentation to take into account. Because of this, the appraisal becomes the most important document on file, so reverse underwriters must thoroughly review them for accuracy.

For more information on the process, I recommend speaking to one of our professionals. They will be able to give you detailed and accurate answers to all of your questions.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.