Step 6 - Reverse Mortgage Quotes
This page contains information on Reverse Mortgage Quotes
In "Step 5 - Lenders" you found at least 3 Reverse Mortgage Lenders to get quotes from. Now its time to get on the phone with some lenders and get the best Quotes you can from them! If you already have a quote go to the bottom of this page for a free review.

You are almost ready to get reverse mortgage quotes from the lenders that you found in the previous step "Lenders - Step 4" ! You will need to contact at least three to adequately compare the costs. We suggest calling for a quote rather than e-mailing or doing a website submittal.
- - - - - - - - - PREPARATION BEFORE CALLING - - - - - - - -
If you have questions that you wrote down in "Information -Step 4" or have new questions, have them ready before you call.
It's OK to ask each lender the same questions. Their answers will give you a good idea of their expertise in Reverse Mortgages.
Most lenders will quickly e-mail you a quote back. Always ask them to follow up with a mailed quote. Take note how long it takes to get a quote back from each lender.
On a piece of paper list your questions from above and the following suggested questions for each lender:
Are you licensed in my state?
How many days do you take to process a loan?
Are you a member of NRMLA (National Reverse Mortgage Lenders Association) or the BBB (Better Business Bureau)?
Any other Reverse Mortgage Questions you have at this point?
- - - - - - - - - - - - CALL THE LENDERS - - - - - - - - - -
Now it is time to call the lenders!!!
Get a FREE quote from one of our Lender Partners (Click here)
- - - - - - - - - - REVIEW THE LENDER QUOTES - - - - - - - -
When you get three quotes back:
Look at the following costs in each quote
Origination Fees
Closing Costs
Servicing Fees
Other
Do not start working with a Lender yet! We are going to show you how to negotiate the first quotes you received in the next step.
To learn more about strategies to use with lenders when getting quotes follow this link
More info on Reverse Mortgage Quotes (Click Here)
TAKE ACTION! Your action item for "Step 6 - Quotes" is to get at least 3 Quotes from Reverse Mortgage Lenders/Brokers. Ensure you have a printed copy of each quote, then click the link below to go to "Step 7 - Negotiation"
>> Go to Step 7 - Negotiation (Click Here)
<< Go to The Home Page (Click Here)
Please use the "Contact Us" form below to ask questions or receive help with Reverse Mortgage Quotes. If you already have a quote we can review it for free to see if you can save more. We never share your information with anyone! Call us Toll Free anytime at (800) 801-1375
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