Farwest Mortgage Bankers

Welcome to our business, where we specialize in providing tailored financial solutions for seniors through our extensive expertise in reverse mortgages. With a focus on personalized service and a deep understanding of the unique needs of homeowners aged 62 and above, we are committed to helping you make the most of your home equity.

Our team is comprised of seasoned professionals, boasting a combined experience of over four decades in the mortgage industry. Our reverse mortgage specialist, Becky Smith, has been actively involved in the field since 2006 and has held executive management positions with national lenders for over 20 years. Her vast experience in the industry enables her to offer unparalleled guidance, ensuring that you secure the best possible reverse mortgage option for your specific situation.

Our Services

At our business, we pride ourselves on offering a comprehensive suite of reverse mortgage services, catering specifically to the needs of seniors looking to unlock their home equity. Our offerings can be categorized into the following sections:

1. Reverse Mortgage Basics

• What is a Reverse Mortgage?: Our team provides extensive information on reverse mortgages, helping you understand the concept and how it may benefit you.
• Benefits of a Reverse Mortgage: We highlight the numerous advantages of reverse mortgages, discussing how they can enhance your financial stability and independence during your golden years.
• How Much Money Can I Get?: We conduct a thorough analysis to determine the maximum amount of funds you may be eligible to receive through a reverse mortgage.
• What Will It Cost?: Our team outlines the expenses associated with reverse mortgages, ensuring that you have a clear understanding of the costs involved before making a decision.
• Borrower/Property Eligibility: We explain the qualification criteria for both borrowers and properties, making it easier for you to assess whether you're eligible for a reverse mortgage.
• Things to Consider: Our business offers counsel on various factors to weigh before applying for a reverse mortgage, ensuring that you've evaluated all aspects of the decision.

2. Reverse Mortgage Process

• How to Get Started?: We provide a step-by-step guide on initiating the reverse mortgage application process.
• Reverse Mortgage Counseling: Our team explains the mandatory counseling requirement for reverse mortgage applicants and assists you in fulfilling this prerequisite.
• Application Process: We outline the necessary steps and documentation for successfully completing your reverse mortgage application.
• Preparing for Property Appraisal: We guide you through the process of readying your property for assessment, a crucial aspect of the reverse mortgage process.
• HECM for Purchase: We educate you on the Home Equity Conversion Mortgage (HECM) for Purchase program, which enables seniors to buy a new principal residence using a reverse mortgage.

3. Family, Friends, and Trusted Advisors

• At our business, we believe that a strong support system and professional advice are essential elements in the decision-making process. We actively encourage involving family members, friends, and trusted advisors in your journey towards securing a reverse mortgage.

Our Reverse Mortgage Calculator

Our reverse mortgage calculator offers a convenient, two-step process to estimate your potential eligibility for a reverse mortgage. In Step 1, we utilize basic information, such as property value, to evaluate whether you meet some of the minimum reverse mortgage requirements. In Step 2, you can enter additional property details to determine the potential funds you may be eligible for. Once you submit your information, a licensed advisor from our team will promptly reach out to you.