"I've been in the mortgage business for 35 years. I know that the mortgage industry can be a pain through some of the processes and the documentation, but I think it's more frustrating for the layperson who isn't aware of all the needed pages."
"Sometimes, bank statements at certain institutions are left purposely blank. Despite not having any information, even those pages need to be included in a document package because they're often numbered."
"Underwriting requirements for many government loan programs are similarly frustrating, and are not attributes exclusive to Federal Housing Administration (FHA) rules for the HECM program. Being aware of the requirements helped me to keep any feelings of frustration in check."
#reverse-mortgages #tim-nelson #home-equity-conversion-mortgage #mortgage-industry #retirement-financing
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