Ridge Reverse
Loan and licensing disclosures
Clear information about the company, the loans and your responsibilities.
Who you’re working with
Richard W. McWhorter, NMLS 1618644. Ridge Reverse is powered by Amerifund Home Loans Inc., NMLS 347051.
Amerifund NMLS #347051 | AZ MB 1047831 | CA DRE 01478386 | CA DFPI 60DBO-177731 | FL MLD2548 | ID MBL-2080347051 | WA CL-347051 | 2655 First Street, Suite 250, Simi Valley, CA 93065 | (800) 570-5626 | amerifund.com/licenses
Amerifund Home Loans Inc.
2655 First Street, Suite 250
Simi Valley, CA 93065
Check NMLS Consumer Access and Amerifund’s company licensing page for licensing information. Mortgage services are available only where both the company and originator are appropriately licensed. Equal Housing Opportunity.
Amerifund NMLS #347051 | AZ MB 1047831 | CA DRE 01478386 | CA DFPI 60DBO-177731 | FL MLD2548 | ID MBL-2080347051 | WA CL-347051
Company phone: (800) 570-5626. Amerifund privacy policy.
A reverse mortgage is a loan
A reverse mortgage is secured by your home. Loan proceeds, eligibility and costs depend on the product, your circumstances, the property and current program requirements. Loan approval is required. Website information is not an offer, approval or commitment to lend.
Interest and loan charges are added to the balance over time, generally reducing the equity available later. Costs may include origination fees, closing costs, servicing fees and, for FHA-insured HECMs, mortgage insurance. Review your own loan illustration and documents for the applicable charges.
Homeowner responsibilities
Borrowers must meet the loan’s occupancy requirements, keep property taxes and homeowners insurance current, maintain the property and meet other loan obligations, including applicable association charges. Failure to meet these obligations can cause the loan to become due and may lead to foreclosure.
The loan generally becomes due when the last borrower dies, sells the home or no longer occupies it as a principal residence, subject to the loan’s terms and applicable protections for eligible non-borrowing spouses. Repayment may involve selling the home or using other funds.
HECMs and other products
Home Equity Conversion Mortgages (HECMs) are FHA-insured reverse mortgages with program-specific eligibility requirements and required counseling by a HUD-approved counselor. Proprietary reverse mortgages have their own requirements and are not FHA-insured. This website is not affiliated with HUD or FHA and has not been approved by a government agency.
Make the decision with your situation in view
Examples and client stories are educational and do not promise a particular outcome. Discuss tax, legal, benefit and investment questions with the appropriate professional. Richard can help compare mortgage options and explain the loan illustration.
Questions? Contact richard.mcwhorter@ridgereverse.com or 404-313-9785.