We begin with a detailed consultation to assess your financial situation, retirement plans, and the specifics of your Highland Park property. This allows us to provide tailored recommendations that match your long-term goals and maximize home equity benefits.

Eligibility is reviewed carefully. Borrowers must meet age, primary residence, and property standards, and comply with program-specific requirements. HECM loans require HUD-approved counseling, while Jumbo and Proprietary programs receive specialized guidance for high-value properties.

Counseling and program education help Highland Park homeowners understand loan structure, repayment responsibilities, and the various ways to access funds—lump sums, monthly payments, or a line of credit. Our goal is to ensure you can leverage your home equity responsibly while preserving financial security.

During the application process, we assist with all documentation, property appraisals, and lender communication. Our team’s expertise in high-value properties ensures that the process is efficient and tailored to the unique needs of Highland Park clients.

Once funding is complete, homeowners can access their funds in the way that best suits their retirement goals. Many Highland Park retirees use reverse mortgage proceeds to supplement income, enhance their homes, pay off debts, or enjoy travel and leisure, all while keeping homeownership intact.

Finally, our support continues long after closing. We remain available to answer questions, provide guidance on managing funds, and offer strategies to maximize the benefits of your reverse mortgage. Highland Park homeowners gain peace of mind knowing they have a trusted, experienced partner in Tom Spaniel Reverse Mortgage to guide them through every step of the process.