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Cory van Vliet

Ask Cory van Vliet Your Reverse Mortgage Questions

Loan Officer | NMLS #1093663
(661)-373-3758

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HighTechLending Inc., doing business as American Senior Lending is an Equal Housing Lender, NMLS ID #7147 (www.nmlsconsumeraccess.org). 2030 Main Street, Suite #500, Irvine, CA 92614. AZ Mortgage Banker License # 0912577; Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, License #4130937; FL Mortgage Lender Servicer License #MLD1409; Georgia Residential Mortgage Licensee, License #53077; ID Mortgage Broker/Lender License # MBL-2080007147, Illinois Residential Mortgage Licensee, License #MB.6761112 (for licensing information, go to: www.nmlsconsumeraccess.org); IL Residential Mortgage License # MB.6761112, Illinois Department of Financial and Professional Regulation, Division of Banking, 100 West Randolph, 9th Floor, Chicago, IL 60601, 1-888-473-4858; MD Mortgage Lender License #21762, NC Mortgage Lender License #L-165611; NJ Residential Mortgage Lender License, Licensed by the N.J. Department of Banking and Insurance, NM Mortgage Loan Company, OR Mortgage Lending License #ML-4386 and Servicer License #MS-139; SC Mortgage Lender/Servicer License #MLS-7147; TX Mortgage Banker Registration; UT Residential First Mortgage Notification and Mortgage Entity License #8874117, Virginia Broker and Lender Licenses #MC-5962; WA Consumer Loan Company License #CL-7147.

  • At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds;
  • Charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees;
  • The loan balance grows over time and interest is charged on the outstanding balance;
  • The borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home; and
  • Interest on a reverse mortgage is not tax-deductible until the borrower makes partial or full re-payment.

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