Southwest Funding, LP a leader in Home Equity Conversion Mortgages more commonly know as a Reverse Mortgage. We are here to help you make an informed decision.

1. Lee Robinson NMLS #166717 Senior Loan Officer for Southwest Funding, LP Bella Vista, AR

15. The Reverse Mortgage Process (Cont) 3. Counseling – Third party, independent counseling is required for all reverse mortgages and may be conducted face-to-face or by telephone. 4. Application/Disclosure - Homeowner fills out a loan application and selects a payment plan. Lender discloses to homeowner the estimated total cost of the loan, as required by federal and state regulations. 5. Processing - Lender orders an appraisal, which the homeowner pays for, to assist in determining the value of the home.

16. The Reverse Mortgage Process (Cont) 6. Underwriting - Lender finalizes loan parameters and value with homeowner. 7. Closing - When the loan package is approved, closing (signing) of loan is scheduled. Interest rates are calculated. Closing papers and final figures are prepared. Closing costs can be financed as part of the loan. 8. Right of Rescission – Homeowner has three business days after signing papers in which to cancel the loan. 9. Disbursement - The homeowner may use the loan proceeds for any purpose.

17. Thank you for attending our presentation today to learn about Us Thank you! Lee Robinson (479) 855-6770 http://arhomeloanpros.com NMLS #166717 Senior Loan Officer Southwest Funding, LP Bella Vista, AR