What happens if you meet all the qualifications above and the Underwriters keep asking for more info to the tune of 4-5 months working on this RM They have asked for bank statements, credit card bills, doctors appointments, and now looks like they are going to ask for tax returns. Do this seem extreme to you? Our home is paid for and appraised at $507,000.00 in August. I have jumped through so many hoops for this guy at Proficio and I am mad, stressed out and feel I have been misled. Can you offer any advise? It would be greatly appreciated. Getting this RM will allow us to completely retire. I am so distraught. Thank you for answering

4 to 5 months? I am missing something I have been closing in under 45 days for every loan I do. You should have gave 2 year tax returns that's the first thing they should have got from you.

We close loan on avg of 30 days and we can take a look at this if you would like to contact me we can be reached at 602-531-7040 or jafonso@azhomerates.com

Deb,The length of time seems extreme. Much more typical is a 4-6 week process for Reverse Mortgages. Credit and income are non-factors for this type of loan, so it is hard for me to comment on what all is happening through Proficio Mortgage. I know you are not bound to them if you feel trapped. If you would to tell me more about your situation I'd be glad to go over some items with you.Jack ShieldsHiott Financial Corporation(256) 749-7948 ph

I have been doing reverse mortgages since 2009. They process normally takes about 30 days to 45 days to do get to the closing table. You can contact me and I can answer more details for you.Bonita Y. StewartFaith Mortgage205-655-7250

Agree with others, that seems like an extreme amount of time even for a reverse mortgage. Sometimes one piece of info will raise other questions but 4-5 months is not normal. sounds like you may want to find a different lender... A traditional mortgage is likely quicker and easier but doesn't offer the features of a RM.

You may transfer your loan to another lender, as long as your appraisal is recent, with just a request in writing to the new lender. There is no reason at all, for the detail information they have requested. The only possible exception might be the doctor appointments, if one spouse is mentally not able to sign the documents. We are not licensed in Alabama, or I would step up and finish your loan for you, in record time.