Reverse Mortgage Consultant

David A. Stokes

Your retirement years should be spent without financial worry. So if you're 62 years of age or older, now may be the time to consider a reverse mortgage to unlock the wealth you've built up under your own roof. And you can do it while still living in your home and remaining the owner! Our role is to help you understand how a reverse mortgage works, help you to determine whether it's right for you, help you through the loan process, and answer your questions. Contact us today for a free consultation. We'll help you understand how to turn your home equity into income.

I am your local, experienced and professional reverse mortgage specialist.

As the nation's leading retail originator of reverse mortgages, I have the experience to help you spend a secure and comfortable retirement in the home you've grown to love.

I offer:

• Prompt communication
• Dedication to meeting your home financing needs
• High commitment to customer service
• Competitive rates and fees
• Responsive and professional service

Contact me today for a free consultation - I will help you understand how you can secure your retirement with a reverse mortgage.

Steps for Getting Reverse Mortgage

Free Consultation

• Discuss Your Situation With Me The first step is to learn about reverse mortgages. They're unlike any other mortgage you've had before, but they can provide a lot of financial flexibility even while allowing you to live in and keep your home. Besides reviewing the material here on my Web site, one of the best ways to learn what you need to know about reverse mortgages is to simply give me a call. I'll be glad to help you understand the loan and answer any questions you have.
• Get Financial Counseling To ensure that you understand the loan, independent third-party counseling is highly recommended (for some types of reverse mortgages, it's required). This is usually provided by a HUD-approved nonprofit agency, and often it can be done over the phone. The counselor will explain your options and your eligibility. I'll provide a list of counselors that you'll be able to select from. And of course you can consult with me at any time.
• Apply for Your Reverse Mortgage You can apply for your reverse mortgage with me by using a special reverse mortgage application that I can provide (or I can take your application over the phone). I'll help you to determine the right option to meet your needs, and I'll gather the necessary documentation, such as Social Security number verification and property information.
• Loan Processing & Underwriting As part of your loan application, I'll order title work and an appraisal for your home. In some cases, a home inspection may be required. When all the necessary information is gathered, your loan will be submitted for approval.
• Loan Closing & Disbursement Your loan will be scheduled for closing, and final figures will be prepared. You'll have three days after closing in which you can cancel the loan, if you wish. After that, you'll have access to the funds from your reverse mortgage, according to the disbursement option you selected.
• Repayment As long as your property remains your principal residence, you'll never have to make a monthly mortgage payment. Instead, you'll be able to access funds from your home through the payment option you selected. The loan can be paid off by the borrower or the borrower's estate, typically with proceeds from the sale of the home (although a home sale is not required). The repayment option cannot exceed the home's market value.

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There are many older adults, like you, who are living a comfortable and successful retirement with our Reverse Mortgage. We've helped thousands, like Helen and Diana, use the equity in their home to achieve their retirement goals.

- David Stokes

Helen joined the ranks of 100,000 senior homeowners who obtained a reverse mortgage last year. She describes how it's made a difference in her life? "After living in my home for 35 years, I didn't want to leave. But there were some extensive home repairs I needed to make and I didn't know where the money was going to come from. I became curious about reverse mortgages after seeing a few brochures in the mail. I went over them and called Wells Fargo. They answered all my questions and addressed some rumors that I had concerns about. I was relieved to hear that with a reverse mortgage, I wouldn't have to sell my home or make monthly payments. Today, I'm using the money from my reverse mortgage to make much-needed repairs. I'd say that my reverse mortgage has made all the difference in how I live my life in my home. I don't worry about paying for the things I need to live anymore. To me, having a reverse mortgage is really about staying in my home... comfortable and worry-free.

- Helen H.

Mom broke her leg. Dad ? who is in his 80's — was trying to run their home and care for her. Dad took on a lot and didn't hire extra help because he thought it was too expensive. The medical expenses were already overwhelming. I wanted my parents to be financially secure so they could get the help they needed. I started looking into a bunch of options, but the more I learned about reverse mortgages, the more I thought "This could be the answer." "When Karla mentioned the idea of a reverse mortgage, I thought "This is not for us. My husband and I had finished paying off our home and we didn't want to make a mortgage payment again." "We were both very skeptical. I thought that if you outlive the mortgage, we'd lose our home. Karla said "Just meet with Wells Fargo and listen to what the Reverse Mortgage Consultant has to say." When Maureen came to our home, she knew her stuff. She went through everything in detail and it made a lot of sense. At the end of the meeting, I turned to my wife and we both said "This sounds great" "After my parents signed the papers, I said to my dad "We're in a better place now. You can afford to get Mom the care she needs and you won't have to do it all on your own. I think their reverse mortgage has given my parents peace-of-mind on many levels. And it's reassuring for all of us to know my sister and I aren't personally responsible for repaying their reverse mortgage.

- Diana and Karnig T. and daughter, Karla