Home Purchase Mortgage Calculators
Mortgage Program Calculators
Retirement Funding Solutions is a mortgage bank with operations in forty-three states. Retirement Funding Solutions offers numerous mortgage programs including reverse mortgages. Retirement Funding Solutions specializes in reverse mortgages.
Retirement Funding Solutions offers the following loan programs: Reverse Mortgage
Retirement Funding Solutions is licensed in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming
I assisted my mother in an attempt to secure a reverse mortgage. Her far-from-ideal financial situation and home value made a reverse mortgage difficult, but we were repeatedly led to be live that it was obtainable. After working for six months and providing countless "one final" document, we were asked to remove a bed from her guest room because it appeared that someone may be living there. After the bedroom was viewed by the appraiser, we would be allowed to replace the bed in my mother's guest bedroom. We were also advised, again one last thing again after six months, that we would be required to pay a $3800 fee that was basically "profit" for the lender, although this fee might be "whittled down" to $2800. Given my mother's financial affairs that led to us considering a reverse mortgage, paying such a fee is not realistic. Add to that the fact that we were requested to pull a deceptive move on the appraiser who was coming to inspect a seemingly arbitrary demand based on fallacious assumptions, we were left with the impression that Retirement Funding Solutions did not want to make my mother's loan. Knowing this months ago when the appraisal came in low would have saved countless hours of chasing paperwork, and anxiety over the loan's approval. Yes, our situation was not ideal, but the moving target for my mother's loan approval was not fair.