There is no limit to the amount of time you can take to complete your application for a reverse mortgage. If you leave it a long time from receiving your paperwork to completing the application, interest rates may change and the amount you can be loaned may alter. You can halt proceedings any time before you sign the final paperwork, in fact you even have up to three days after signing the final documents to cancel your reverse mortgage without penalty. This is known as a 'cooling off' period, and you can cancel in this time period for any reason you wish. On average, it takes about 40 days from the initial phone call to AAG to the money arriving in your bank account. There are some circumstances which can slow down the process, but my colleagues will ensure any issues are resolved as quickly as possible.

If you'd like to receive our helpful DVD, which we'll send to you for free, click on the link or call us on the number provided. The DVD features Former Senator Fred Thompson, and we'll send it to you along with a brochure about how a reverse mortgage could help your circumstances.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.