Wednesday, June 10, 2009. Why should you work with WSB Mortgage. WSB Mortgage is licensed to do Reverse Mortgages in 21 states and we have over 30 of experience in the financial services business.

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Your Resource for Objective Reverse Mortgage Information. All reverse mortgage borrowers must be 62 and older. Must own property and occupy as primary residence. Participate in an information counseling session. Property must meet FHA property standards. Maintain home with needed repairs, property taxes and insurance. Lesser of appraised value or the FHA insurance limit. Step By Step Loan Process.

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Thanks for visiting Scott Underwood, Reverse Mortgage Alabama, and iReverse home loans website. So what is a Reverse Mortgage. A loan designed especially for seniors, age 62 and older to gain access to equity in their home for current use, with no monthly payments for as long as you live in the home. I am local, experienced, and honest! Retirement and money experts nationally and in Alabama are now agreeing that the Reverse Mortgage is a good financial tool. To buy your next home. I will educate you on.