Introduction

Welcome to All Reverse Transactions, specializing in the ART of reverse.

Smoothly closing reverse mortgage transactions has been our main priority for 14 years. Within our reverse mortgage center, you’ll find a knowledgeable staff experienced in title and escrow. Our division expands accordingly to help your reverse mortgage business grow to new heights. As your business partner, we can assist you by offering a wide range of services including our online order entry and tracking system, access to sales comparables and many other marketing tools. Please take a few moments to browse our web site and see what we have to offer.

What is a Reverse Mortgage?

This special type of mortgage affords senior homeowners over the age of 62 the opportunity to stay in their home and have access to the equity they have built in their property. Seniors can pull some of that equity out of their primary residence as tax free cash, which they can use however they choose.

It’s called a reverse mortgage because the flow of payments is reversed from a traditional mortgage. Borrowers can choose from a line of credit, lump sum, monthly payments, or a combination of the three. This differs from a traditional mortgage used to purchase or refinance a home because you don’t make monthly mortgage payments to the bank. There is also mortgage insurance, which helps protect borrowers against a lender going bankrupt and ensures the lender gets paid once the borrower moves, sells the home, or passes away.

Single-family homes and qualified condominiums, townhouses, manufactured homes, and one to four family owner-occupied residences are eligible. Seniors interested in the program should expect to be staying in their current home for several more years and not be concerned with giving their home debt-free to their children or heirs after they are gone.

(For more info, visit www.reversemortgage.org)

What is Title Insurance?

Title insurance is a unique type of insurance that ensures the land being purchased or refinanced is clear of any previous liens or history.  This secures title in the new borrower(s) name, and protects the new lender(s) from a possible foreclosure due to previous liens on the property.

What is Escrow?

Also known as a settlement, escrow is a neutral third party who follows mutual written instructions of the lender and borrower.  This process includes handling any property-related documentation from the beginning of the loan to the end. 

How The Reverse Mortgage Industry Can Make a Difference

1. Ensures financial security for Seniors;
2. Provides additional income;
3. Allows seniors to remain in their homes;
4. Offers money for investments;
5. Allows money for improving home environment to meet seniors’ changing lifestyles;
6. Helps alleviate the rising cost of healthcare;
7. Contributes to children or grandchildren’s education;
8. Relieves monetary obligations;
9. Affords a means for a dream vacation;
10. Ceases foreclosure.