If you’re a homeowner interested in applying for a reverse mortgage, talk to David Chee for solid, knowledgeable and ethical advice. He asks the questions that will help the borrower determine their ideal loan arrangement. To get started with a free, customized quote on a loan, visit David’s Contact page. There is no application fee.
The following documentation is needed to complete a loan application:
- Evidence of Date of Birth – Copy of Drivers License or DMV Identification Card
- Evidence of Social Security Number – Social Security or Medicare card
- Mortgage statement or name of the lender and loan number, if applicable
- Complete copy of Living Trust, if applicable, including Schedule A and notarized pages
- Homeowner’s Insurance declaration page
- HUD Counseling Certificate (see Counseling page)
If the borrower’s home is a condominium which is not currently FHA Approved, there are certain additional documents required.
Documents needed for FHA Condominium Approval (Existing Construction)
- Recorded Plat Map indicating legal description
- Recorded Covenants, Conditions and Restrictions (CC&Rs)
- Signed and adopted by-laws
- Articles of Incorporation filed with the State
- Recorded Condominium Site Plans
- Plan or Evidence of Transfer of Control
- Proposed or Actual Budget
- Reserve Study
- Management Agreement, if applicable
Once the chosen lender has received the required information, the loan processors open escrow, order the title work and order an appraisal of your home.
For a detailed timeline and next steps to the completion of a Reverse Mortgage, visit the Timeline page.
| Reverse Mortgage Counseling | Reverse Mortgage Timeline |
About David
Based in the San Francisco Bay Area, David Chee is a Certified Public Accountant and a licensed, experienced reverse mortgage specialist who can provide you with sound advice and an easy to understand quote to get started in your calculations.
Learn More
A reverse mortgage enables older homeowners (62+) to borrow against the equity in their homes, without requiring them to give up title. There are no monthly payments. Learn more about how a reverse mortgage can improve your financial situation.
The Process
As your reverse mortgage specialist, David Chee will help you navigate the application procedures and provide you with an expected timeline. For information on how to obtain a reverse mortgage and what to expect, click here.
