Four Key Things to Expect at Closing
Congratulations! You’ve made it through the reverse mortgage process, and now it’s time for the final step—closing. To help you prepare, I’ve put together a quick video (about 5 minutes) explaining what happens next.
1. A Visit from a Notary or Title Agent
A notary or title agent will meet with you—either at your home or another convenient location—to oversee the signing of final documents.
2. Signing Your Name (A Lot!)
Be ready to sign multiple documents, including final loan agreements, legal disclosures, and any remaining paperwork to complete your reverse mortgage.
3. Confirming How You Want Your Money
If you’re receiving funds from your reverse mortgage, you’ll confirm the details of how you’d like to receive them—whether as a lump sum, a line of credit, or monthly payments.
4. A Moment to Celebrate!
Closing marks the beginning of a new financial chapter. Whether you’re increasing cash flow, securing a financial safety net, or eliminating mortgage payments, take a moment to celebrate this important step!
Video Message from Don:
If you have any final questions before closing, reach out—we’re here to help.
The content of this blog is for financial advisors and professionals only and is not intended for consumer use. Names, cases, and scenarios are fictionalized for illustrative purposes. The opinions expressed here are those of the author alone and do not reflect the views of any affiliated entities or individuals. Don Graves, NMLS #142667.
