Looking to get more out of the investment you have put into your home? If you are a senior, you can convert some of the equity in your home into cash with a reverse mortgage loan in Indianapolis.
What Are the Benefits of an Indianapolis Reverse Mortgage?
With a reverse mortgage loan, you can make your house work for you. By converting the equity to cash, you can enjoy greater financial flexibility in your life. Here are the advantages:
You can use the money any way you want. You are not obligated to put it toward any use. You can pay bills with it, put it toward your grandkids’ college funds, make repairs to your house, or simply use it to boost your overall standard of living. It is completely up to you.
You get to stay in the house that you have worked so hard for your entire life.
It is possible to use a reverse mortgage to delay collecting social security payments. This can entitle you to larger payments when you do begin to collect.
You can choose an option for funds disbursement that works for your needs. That means you can opt to receive the money as a lump sum, or you can set it up to work as a line-of-credit. You can also receive monthly payments for a set length of time or for the indefinite future.
In many circumstances, the money you receive through a reverse mortgage is entirely tax-free.
START YOUR ONLINE APPLICATION
We partner with our clients, walking shoulder to shoulder with them through the financial maze that mortgage lending has become.
Here are the basic requirements to qualify for an Indianapolis reverse mortgage:
One of the borrowers on the loan needs to be age 62 or higher.
You need to own at least 50% of the equity in the property you are releasing it from.
The home in question has to be your primary residence.
You must continue financial upkeep on the home. That means that you must be current on your property taxes, homeowners association payments, homeowners insurance, and so on.
You will need to pass an assessment of your tax history. Your income and credit also will be considered.
If you do qualify for a reverse mortgage, you can finally enjoy the financial freedom you have been longing for in your golden years.
Is a reverse mortgage right for you? There are several considerations you need to go over before making your decision, as it can impact your heirs. But for many seniors in Indianapolis, a reverse mortgage can be a ticket to greater contentment.
Call Grandview Lending Today to Apply for a Reverse Mortgage in Indianapolis
Have questions about Indianapolis reverse mortgages, or ready to apply? Give Grandview Lending a call today at 317.255.0062 and we will set up a consultation to discuss your situation and needs. We work closely with each of our clients to ensure that they can meet their financial goals. Let us help you enjoy a higher standard of living in the house that you love!
I have worked with Kameron for years! Not only has he secured home loans for me but he keeps up on mortgage rates and tells me when it’s time to refinance. He also tells me to sit put and wait. He has taught me so much about rates, what is important in a credit score and what credit bureaus look for. His team of people is surpass everyone else! You won’t go wrong with Kameron! Amazing experiences, every single time❤️
I really enjoyed working with Tim Ayers and Laura Wessel. They were both very knowledgeable and worked diligently throughout the whole process. We hit several snags on the lender's end of things, but Tim and Laura were able to adapt very well and make it happen.I presented them both with a fairly challenging situation as I was processing two mortgages simultaneously. Furthermore, both of these mortgages were being handled according to the delayed financing exception within the category of cash-out refinances. If you know anything about this type of mortgage, you know that it has lots of restrictions and requires a significant amount of paperwork.But, Tim and Laura rose to the occasion. Communication was timely and efficient. I rarely had to wait for a call back from Tim as he was virtually always available whenever I would call. And, Laura worked very hard behind the scenes to overcome the specific set of challenges that are inherent to these types of mortgages.I was in good hands the whole way. I'll be doing more business with Grandview in the future and would highly recommend their team to anyone else who might be looking for a competent, ethical, and attentive broker.
Grandview Lending was an absolute joy to work with! Kameron & Lindsey made everything so simple and our whole process of buying a home was a fun experience. Please don’t go to any other lending companies before you check out Grandview Lending. It is the only company that you need to use.
We were very pleased with Tim Egan's work on the mortgage for our new home purchase. We would recommend his services to anyone in the market to buy or refinance. He spend a lot of time explaining the process and answering our questions and that led to no surprises along the way. He was first to contact us as things moved along and had everything ready well before it was needed, he went above and beyond while keeping in contact will the real estate agents and title company to make sure everything hit right on schedule.
It was a pleasure working with Grandview Lending, especially my Loan Officer, Tim Ayers. I originally reached out to him in April 2018 regarding our desire to move into a new home. He gave me some homework assignments, which I completed. When I called him back in April 2019, I was pleasantly surprised that not only were we able to get pre-approved for our dream home, that there was no contingency to sell our current home. Tim seemed like family by the time this process was over. I appreciated his honestly and excellent customer service. I smile just hearing his voice and couldn't wait to meet him in person at closing. Thanks for taking such good care of us Tim.
Very pleased with the service provided by Tim and his team at Grandview Lending. Frequent, automatic emails showing where your application is all along the process. If there's an issue, Tim is right on top of it and contacts you to resolve anything that may hinder the process. Highly recommended!
I hope that they get this, but working with Lindsey, Lesley, and Kameron was truly a pleasure. Could not have asked for a better group to help us work through our trials and tribulations as we made our way through this entire buying/selling process. Thank you to those three whom I worked with most frequently and the entire Grandview team for creating a culture of communication and customer service that really transcends just working and moves into the space of just being genuinely good people who want to help other people. Thank you!
Kameron, Laura, and Lindsey at Grandview were attentive to detail, through, and assisted me throughout the entire mortgage process from initiation to post-closing with professionalism yet a personal touch. I appreciate all their work on my family's behalf to help us create our new home.
Great customer service, fast turn times/responses and very knowledgeable. Everyone at Grandview Lending top notch individuals the type you want to associate yourself with. I will recommend Grandview Lending to everyone I know, 5 star all around. Thank you!
For this to be our 1st purchase it was such a very smooth transaction, if I ever had to do it again I hope & pray that would be smooth like this was. Great Job everyone that was involved in helping us!Thanks!
Wonderful experience and a pleasure to work with Tim Egan on my home purchase! Tim was very professional and helpful in identifying and explaining various options and helping me find what was right for me. Tim was accessible and responsive and set me up to work with Pamela Gaither to get docs in place for the closing. Pam was also a pleasure to work with - extremely professional, knowledgeable and completely on top of all the documentation required so that the closing went smoothly and without a hitch!! I highly recommend Tim Egan and his team!
Tim Egan worked everything out for my loan fast and simple.He answered all my question and was always available. If I called or text he responded immediately. He also helped me find a great Real Estate Agent. Thanks so much Tim! I will be back :)
Michael and Faye help us get our mortgage loan, they were always willing to sit down with my wife and I to explain everything related to the process. Amazing Support, excellent customer service, everything on time, constant communication. Amazing experience. We can't thank them enough for all help and support provided! Thank you very much!
Tracy and Laura were AMAZING! We went into it with a lot of questions and they were always available and honest with us. They walked us through the process step by step. Tracy had connections to a realtor and insurance agent, so we had a close knit team, which helped with easy communication. Everything went smoothly and very quick...5 weeks from accepted offer to closing! The level of customer service we received was 5 star! We definitely recommend Grandview Lending!
The team at Grandview Lending did an awesome job from start to finish. Their communication was outstanding from day one until close. They were very patient and helpful during all phases of the process.
Tracey Harding and her team are amazing. We bought a new home in June. From the initial call after looking at the home (on a weekend) to getting to the closing table, it was handled professionally, thoroughly, with the urgency needed but not never rushed and always with a personal touch. Was pleased with the fees and explanation of the HUD1 and patiently answering endless questions. Cant say enough about this team!
Tracy Harding and her team at Grandview Lending were not only extremely helpful, but were constantly on top of everything. They were able to complete everything and pull off our closing 3 weeks after our offer was accepted. This type of service is exceptional in this day when customer service seems to always take a back seat to everything else.I would recommend them to anyone without hesitation.
We have had two great experiences and outcomes using Grandview Lending. They got us refinanced several years ago, and just recently guided us through the purchase of a new home. Mike and Faye do a tremendous job, and helped us save thousands of dollars in closing costs over going to a bank. Above all, I felt like they were always looking out for our best interests, and were eager to help whenever we had questions. They provide personal, professional, and prompt service. I highly recommend them and have sent several friends their way.
My husband and I purchased a home last February 2018, and used Grandview Lending for our mortgage arrangements. We had previously used Grandview for refinancing, and based on that experience, decided we would use Mike Farrell and his Grandview lending team again. Some of the reasons we came back are that the quality of their service and the amount of personal customer service they give is second to none (not to mention, something that is sorely lacking in most of our day to day dealings with companies these days). Their integrity and honesty throughout the entire process is also something that we very much appreciated. Just as all cases are unique, ours was a challenging situation, but Mike and his team were always on top of everything with knowledge of the various available options and what was needed to obtain the proper financing in a timely fashion. We appreciated their honest and forthright advice. If we find ourselves in need of another mortgage in the future, we would most certainly contact them again. We would not hesitate to suggest Grandview Lending along with Mike Farrell / Faye Fitzgerald team. We highly recommend you give them an opportunity to earn your business.
My husband and I had a great experience with Grandview lending. They were recommended to us by my sister and brother-in-law. They made the whole Process of buying a house much easier than expected. Everything went quickly and smoothly, We will definitely be using them again in the future.
Tim was great to work with and responsive to each and every one of my endless questions. I have to say my situation was more than challenging and Tim handled it with logic, support and care every step of the way. He is extraordinarily knowledgeable and his communication is perfection. Many thanks to making it all possible.
Tim Ayers was great through the whole process. He provided me with many options including lower rates, but with higher mi, different down payments. In the end he helped me find the best deal possible for my needs. He was very responsive to all my calls, questions and emails. And fast I might add, we had an accepted PA on July 12, and closed on July 31. Great job Grandview and thanks so much Tim!
Mr. Tim surpassed all our expectations! He was professional, straight forward, prompt, helpful, & REACHABLE when needed! That seems to be a rare thing now of days, typically people like to keep you waiting or push you to the next person. He kept in close communication with all parties involved until the very end. He was accommodating with time & communication, despite my husband being deployed half way across the map on a different time zone. I honestly can’t say enough good things about our experience.
I recently used Grandview Lending for my mortgage and the experience was excellent. I was in constant contact and my phone calls were always answered. I was called with check-ins often and greatly appreciated the extra work put in to make sure I got the best mortgage possible. The mortgage was put together and approved within a month with a very competitive rate, much better than I could ever expect. I wholeheartedly recommend Grandview to anyone looking for the best mortgage possible.
amazing job! would love to do business with this professional again! This would of never closed and would of kept my seller from being able to purchase their new home if it wasn't the hard work Tim did for the buyer's on their home. Thanks again for doing such an amazing job all realtors need a lender like you on their team.
He hung with us for almost a year and a half...that's commitment. I first contacted Tim Egan at Grandview in early 2017 to get a sense of my lending options. We weren't well-positioned at that point to get into the house we wanted, and Tim explained things very objectively and thoroughly. He said he would check back with us later, and he did. He always gave great detail and was excellent in communications as we navigated this process. I wouldn't think of using anyone else in the future. Last Friday our home-owning dream happened without a hitch. Thanks for going way above and beyond, Tim.
We were moving from out of state and after researching on line decided to give Grandview Lending a call based on reviews. I spoke with Tim and explained our situation of moving in a few months and was looking to see if buying was a possibility. He was excellent with options while being honest and straightforward on the way ahead. We were able to find the perfect house and Tim and his assistant Laura did an outstanding job on processing the loan in a professional and timely manner. We relocated and closed on time the day after our move!
Michael Farrell saved me 6000 dollars in closing cost. His teams customer service was top notch! His processor Faye walked me through every step in a very timely manor. The Grandview lending Team got me an interest rate no other lending company could get. If your buying a home compare your quotes to Grandview lending. You will go with them too I bet!
The service from Michael and his processor Faye was terrific. They were easy to work with and explained the whole process well. I was on a short time table because I'm self employed and had to wait for my taxes to be filed before closing. They pushed everything through quickly and had me ready to go for closing. Michael was even able to make it to the closing to help if needed. Grandview did a great job!
If your like me and have had issues in the past, Grandview Lending will be the company of choice. Honest, forthright, no gimmicks, just great people who want to make your experience the best for you that it could be. I highly recommend Grandview for your financing goals
Grandview Lending is a world-class brokerage service. As someone who is self employed and a husband on W2, we knew getting approved would be tricky. Mike Farrell and Faye were very professional, courteous and thorough. They knew exactly what to do for our unique case and apprised us on every step of the process. We had previously approached other lenders (several traditional banks and a few other brokers) but found Grandview to have the best connections to get us where we needed to be. They promptly provided several lender options for us to choose from, were very transparent about the pros and cons of each option and they helped us take into account things we would have missed like the seller’s portion of prepaid taxes helping us with the amount we needed to bring to closing. If you are on the market for a mortgage, give them a try, you won’t be sorry. The amount of options they have will well surpass anyone else in Indianapolis. And you might learn a thing or two about the mortgage biz from Mike as he is a straight shooter and makes sure you understand the what’s and why’s
I worked with Tim and he was a true pleasure to work with. He was able to find me a loan quickly and we closed right on time. The process was super seamless. I enjoyed working with Tim so much that I recommend his services to friend and family.
i just closed a property working with Tracy. Her rate and closing costs were cheapest that i found. Overall, I really enjoyed working with Tracy and her team. Throughout the whole month, they were always available via call, text, and email. I received responses within hours if i had sent them an email or less via call or text. The team was on the ball, pushing other parties to quickly do their part in able to close on time. Looking forward to doing business with them again.
Mike and Faye promptly gave us the step-by-step information we needed to feel comfortable in our decisions. Very friendly and made process easy.[quality of the service, customer service you received, turnaround time, price, etc.].
I cannot speak highly enough about my experience with Mike Farrell and Faye Fitzgerald. This was by far the easiest home loan experience I have had and I have worked in real estate. Mike and Faye were always accommodating, communicative and compassionate about the obstacles you sometimes come in contact with during a real estate transaction (appraisal value in my case). To say they were "on the ball" is an understatement. They work quickly and efficiently, which are hard to come by when it comes to home loans. I highly recommend Grandview Lending.
The total experience was AWESOME!! My wife and I have used Grandview Lending on more than one occasion. The reason we keep coming back is their quality of the service, the amount of personal customer service we receive (Tracy & Laura were outstanding!), the quick turnaround time, and most importantly the price. I highly recommend you give them an opportunity to earn your business.
Tracy at Grandview is an absolute gem! She was very quick to answer all 1,000 of my questions and happy to do so. She and the whole team are incredibly knowledgeable and helpful when it comes to buying your first (or any) home. She walked me through the entire process and looked at all of our options for which type of loan we could use. We have now closed on our house and Tracy was there every step of the way! Grandview is paid was paid by the title company so it didn't cost us a dime. Tracy shopped around for the best rate she could find for us. Being first time home buyers, we were very nervous and ignorant about everything. I would go with Tracy and Laura again in a heartbeat!
Our journey with Grandview Lending started several months ago. To be honest, our credit situation was less than ideal and other lenders had not been helpful at all to even figure out what we needed to do. We had even been downright ignored by others. After doing a google search, i came upon Grandview lending. The reviews were great. I figured it was worth a shot, right? I called and spoke with Mike, and he told me he was the president of the company. I thought “great. I’m going to tell him i have credit issues and he’s going to get off the phone as soon as he can and ignore me like the others.” What happened next was the exact opposite. He listened. He cared. I think the first phone call was at least 20-30 minutes long. He discussed all the possible options moving forward. He sent several emails on the plan moving forward. He followed up with phone calls. My husband and i worked on the credit issues. Surprisingly, after a little past a month, we were where we needed to be! We were told by others to maybe try again in 6 months or a year! I know everyone’s situation is different regarding credit, but this was our experience. When it was time to submit our full application, it all went so smoothly. When i had any questions, worries, or concerns, i called and either Mike or Faye was always available to talk. Emails were answered very quickly. They were trustworthy and honest with every single thing that could happen. There were no delays with closing, in fact, no delays of any sort. Mike said he could get this done for us, and he did. It means so much that while others literally ignored us and didn’t even offer a word of advice, Mike was there and believed in us. We are in our wonderful new home because of him, and much sooner than we could’ve ever hoped for. It was like we were family to them, although i suspect they treat every one of their customers with the same respect, courtesy, and care. We are customers for LIFE and will recommend Grandview lending to all of our family and friends!
Tim Egan is an amazing person to work with as a lender. He is very knowledgeable and clear. He took the time to explain everything in detail for me to understand each and every process along the. I'm a first time home buyer and I'm so glad I was refers to him otherwise this would've been very stressful for me. Thanks for the great experience!
My experience was amazing with this company. Between the time I looked at the house and closed, it was less than three weeks. Grandview Lending did everything and anything possible to get me a loan at a great rate and one that was affordable to me. Tim was amazing at working with me and for me to make my rates, payment and experience as great as possible. Tim was available at any time to answer my questions, walk me through the process, and continued to work until my rates, payment, and experience were as great as possible. I cannot recommend this company and the people that work there enough.
We recently used Grandview Lending for our home loan. The service we received was top notch. They were always accessible via phone or email-my choice- and were accessible/swift. Mike took time after hours on a Friday evening to educate us on cost and benefits of various interest rates. He was extremely knowledgable, and Faye kept us on track throughout the entire process. Mike even attended our closing! It was a personal touch, and all for the best price we found.
I enjoyed working with everyone at Grandview Lending. As a first time homeowner, Mike guided me every step of the way making the process a lot less stressful. Mike and Faye were always willing to answer my questions and did a great job explaining the process to me. That is why I came back to Mike and Faye three years later to refinance my home. I trust Grandview Lending and would highly recommend them to anyone.
Our mortgage experience with Tracy Harding was excellent, she made the experience very smooth from start to finish. There were no set hours, she worked 24/7. We built so there was a lot of pressure from the builder to go through their financing, by staying with Tracy at Grand View Lending she saved us thousands of dollars, with the financing time being excellent. The whole buying experience can be so nerve wracking but Tracy made it a smooth experience from start to finish. Her knowledge and experience was truly exceptional. We would do it over again in a heartbeat.
Tracy was great to work with. She completely took care of the process from start to end. The quality of the service was great. The customer service was excellent. She was available via email and/or text 24/7 any time of the day. The turnaround time was very quick. She was able to find a great rate for us and the whole process went very smooth. Would not hesitate to use her again and refer to anybody else who is looking to work with a great individual who takes care of their customers.
Tim Ayers is a consummate professional. He is affable, timely and patient. He is very knowledgeable in his field and always explains financial matters in a clear and easily understood manner. Also, Tim is generous with his personal time as demonstrated by a Saturday morning when he helped fix a water problem in our basement. He is the first person I recommend when individuals and businesses need counsel in various commercial and residential. He is worthy of more than the above five stars. Philip D. BurroughsAttorney at Law.
Tracy at Grandview Lending was amazing! The level of service she provided my husband I was above an beyond. She was with us every step of the way. They came in with the best rates and options. She was very transparent on how the process works and what we needed to do. Her sense of urgency and attention to detail was like no other. Tracy made the entire ordeal of purchasing our house painless.
Kimberly Irving was the best loan officer I have ever had the pleasure to work with! She is very knowledgeable about the lending business, extremely patient and trustworthy. Thanks to Kimberly, our financing was not as stressful because she offered every attainable financing option that fit within our family's budget. Kimberly understands a working family's needs and knows how a new home can change the quality of life for you. I highly recommend Kimberly for your lending needs. She will make sure you remain a satisfied customer even after the closing of your home loan. She aims to please every time!
We partner with our clients, walking shoulder to shoulder with them through the financial maze that mortgage lending has become. We provide our clients with exceptional service and integrity which has become our hallmark. Every loan is different. So we listen to our clients to help them assess the impact their mortgage decisions have, not only today, but tomorrow.