| A phone consultation
with a New Horizons Reverse Mortgage Representative |
DAY 1 |
| An informational appointment with a New
Horizons Reverse Mortgage Advisor |
WEEK
1 |
| An application to get started; not an obligation,
contract or commitment |
WEEK
1 |
| FHA Certified
Credit Counseling Appointment |
WEEK
2 |
| An Introduction
to your Reverse Mortgage Processor |
WEEK
2 |
| FHA Appraisal |
WEEK
3 |
| Termite Inspection |
WEEK
3 |
| Repair Assessment
if any |
WEEK
4 |
| Submittal to
Underwriting |
WEEK
4 |
| Closing |
WEEK
5 |
| Three day right
of rescission |
WEEK
6 |
| Recording |
WEEK 6 |
| Funding |
WEEK
6 |
* The time line is considered typical; actual
times may be different depending on varying and
unusual circumstances.
Since
the Reverse Mortgage income is secured by the home, poor
credit is ok. 
