At Benchmark Mortgage, We Make It Easy! The process of obtaining a Reverse Mortgage can be long and tedious, if you are not careful. The Barath Group streamlines this process by assigning you a Reverse Mortgage Advisor and Reverse Mortgage Processor. Your Advisor will be your primary contact throughout the process to answer questions and to provide updates of your application.

Here is the Quick and Easy Process:

1. Contact Us - (219) 926-1600.
2. Review and Determination - We discuss the Reverse Mortgage and determine if it is appropriate for you and your situation. We will then set up an appointment so one of our Reverse Mortgage Advisors can visit with you and your family, and please feel free to invite the rest of your family to sit in on our presentation. We think everyone should be fully informed.
3. Application - During the in-person consultation, we will explain all the features, costs, payment options and thoroughly answer all questions. Only when you are satisfied will we begin the application process.
4. Counseling - We provide you with contacts to set an appointment so you can talk to an independent, certified HUD counselor, which is a requirement of the FHA HECM and it provides additional peace of mind.
5. Appraisal/Inspection - We set up the appraisal and pest inspection and notify you of the dates and times to expect them.
6. Approval - We submit the loan package to underwriting for approval. We track the entire loan package through the system and inform you of the status. You can also call your Processor anytime to obtain the status.
7. Closing - Once approved, we set a closing date. And, within just a matter of weeks, we attend the Reverse Mortgage closing with you.
8. Funding - After closing, funding is administered after 3 business days.