Loan Process

At First Call Mortgage, our goal is to make the process as streamlined and easy as possible for you. With only these few steps you can get cash in hand quickly and with minimal effort. At any point in the process we are only a phone call away.

1. No Obligation Initial Application

• Complete the website form on-line or call us toll-free 1-800-Call-First, and we’ll provide you with a customized quote.
• Once you receive the application, sign the appropriate documents.
• Mail us a photocopy of government issued ID(s), including your picture, date of birth and social security number.

2. Counseling

• We will send you a list of free, independent financial counselors in your area.
• Schedule a meeting with the counselor of your choice. This counselor will be able to talk to you objectively about reverse mortgages and will make sure that you have all the information you need to make an informed decision.

3. Appraisal

• Once we receive your signed application and counseling certificate, First Call Mortgage will contact an appraiser and termite inspector in your area.
• They will complete an assessment of your home, at no out-of-pocket expense to you, including the determination of your home value.

4. Closing

• The settlement agent will contact you to schedule a closing date and time.
• Sign all required documents at closing.
• Receive your cash after a mandatory three-day rescission period, make no more mortgage payments ever again, and the remaining proceeds will be left as a line of credit.