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Quick and Easy
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I chose All Reverse Mortgage Co. because they are located near my home, and I wanted to be able to go see people if I needed to instead of dealing with a company in another state. The complete process from first phone call to All Reverse to the closing
of the transaction was only a few weeks. They answered all my questions and were available when I needed to talk to them. I was surprised at how easy and quick the process was. When the title company made an error at the end of the transaction, All Reverse
got it corrected and settled within 24 hours. My only suggestion is that somewhere in this process of documentation and counseling someone should make a point of reminding clients that doing a reverse mortgage will remove the mortgage interest deduction from
their Federal taxes. Many people in their 60's are working full time and need to make sure the numbers will still work out in their favor if they do a reverse mortgage.
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