LET'S GET STARTED
The Retirement Resource Group, strives to help seniors enjoy the rest of their lives! If you are 55 and over, Retirement Resource Group wants to share with you how you may be able to convert part of the equity in your home to cash flow. Whether you desire money to finance the purchase of a new home, complete home improvements, pay off an existing mortgage, supplement your retirement income, or pay for healthcare expenses. Many older Americans are turning to HUD’s Insured Home Equity Conversion Mortgage (HECM).
DOCUMENTS TO GET STARTED
-
Verification Documents: Drivers License, Government Issued ID, Social Security Card
​
-
Mortgage Statement, if applicable
​
-
HOA Statement, if applicable
​
-
Property Tax Bill
​
-
Insurance Binder or Homeowners Insurance Statement and contact information
INCOME CHEAT SHEET OF WHAT WE NEED BASED ON INCOME
-
Social Security Income:
-
​Notice of Award Letter PLUS 1 of the 3 below:
-
Federal Tax Return or Bank Statement Reflecting Receipt of income from SS Administration
-
Copy of Social Security Benefit Statement
-
Form SSA-1099 and most recent Bank Statement
-
​
-
Self Employment Income:
-
2 Years Tax Returns with all Schedules (C, C-EZ or E or 4506T Authorization​
-
Schedule K-1
-
Year to Date Profit and Loss Statement
-
​
-
Employment Income:
-
Most Recent Pay Stub covering 30 consecutive days​
-
Verification of Employment covering 2 years OR
-
Copies of IRS W-2 forms for prior 2 years
-
​
-
401K/IRA Income
-
Most Recent Statement AND​
-
2 Years Tax Returns
-
Most Recent Bank Statement Showing Receipt of Income
-
​
-
Pension Income (Provide one of the following:)
-
A copy of borrower's Pension/Retirement Letter from former employer, confirming pension will be received for at least 3 years​
-
Federal Tax Returns AND Pension Letter
-
Most Recent Bank Statement showing receipt of income from former employer AND Pension/Retirement Letter
-
