New American Funding Segment - July 26, 2026

Listen to Seg 1

12:44

Hour 3 Seg 1 - New American Funding Segment

- LISTEN TO THE COMPLETE SHOW FOR HI-LIGHTS/DETAILS OF SUBJECTS DISCUSSED IN THIS INTERVIEW.

NEW AMERICAN FUNDING w/ George Kouri re: Reverse Mortgage Consultant

QUESTIONS FROM “JOEY PALS”

1.Who can access/has control over the funds in a Reverse Mortgage? (The escrow company gets the funds, pays whatever is owing in mortgages and liens etc., and then the client has control over the monies and can decide where to deposit it or use it.)

2. Where does the money go? (Into the bank account of the borrower. Wired to checking, brokerage, savings account of the client’s choosing.)

- REPORT that a reverse mortgage is very like a regular mortgage. The older you are the higher amount/higher percentage you can borrow.

- REPORT on the steps/details to go thru to obtain a Reverse Mortgage WITH GEORGE’S GUIDANCE;

1. Meet w/ George, a reverse mortgage specialist

2. Determine if you qualify

3. Complete the required counseling session

4. Submit your application and paperwork

5. Your home is appraised

6. The loan is reviewed and approved (underwriting)

7. Sign the final loan documents

8. The loan funds, pays off existing mortgages and any remaining money goes to you.

- REMINDER to submit questions for next month’s appearance by George Kouri to Joey’s email. joeychocolate@aol.com and hear your answer on the air on Sunday July 26, in the 5 to 6 PM hour on 100.9 FM and 95.9 HD4.

- (contact info: www.newamericanfunding.com and email; George.kouri@nafinc.com (760) 275-5905.