Coast Lending, based out of Los Angeles, is a leader in reverse mortgage lending and we have over 20 years of experience in the real estate mortgage and lending business. Our professionals are licensed real estate brokers who will work hard to help get you the loan option that works best for you.
The financial assessment is done to analyze whether the lender can put away the right amount of liquidity in order to pay for property taxes and other financial burdens over the life of the loan. This diminishes the amount of profit gained from the loan available to the borrower.
An appraisal is mandatory by the Federal Housing Administration (FHA) to ensure your home’s value and well protected. Under FHA guidelines, a licensed appraiser must audit the home for items that may endanger your well being and safety.
Our mission at Coast Lending is to ensure your experience throughout the reverse mortgage process is a positive one. We are always just a phone call away ready to answer your questions, concerns and make the process as smooth as possible.