[2.18.25] Client Newsletters and Updates
by Marketing + Communications

Great news! We put together a one-stop link for all our reverse mortgage trainings and slide decks—just for you.

Here’s a direct link to all our reverse trainings and slide decks. This hub will always be up to date, so you’ll have the latest insights and strategies at your fingertips. No digging around—just click and go!

If you have any follow-up questions, send them to reverse@plazahomemortgage.com and we’ll be happy to answer them!

Q: Can borrowers pay off debt as part of the transaction?

A: In most cases, the only debt that can be paid off in closing is liens against the property. However, there are a few small exceptions; one is a court order (typically a divorce settlement of some type). The last items which are the most popular question is consumer debt, credit cards, etc. The answer to that is no. You cannot pay off debt to qualify the cash flow residual standard; however, we can utilize that as a “compensation factor” in determining the overall underwriting decision.

Got a loan scenario or need an LTV estimate? Plaza offers a quick and easy way for your Account Executive to get you answers through the Rapid Reverse App, allowing you to focus on what matters most – your business!

By connecting with your Plaza Account Executive, you can swiftly obtain an LTV estimate based on:

• Plaza’s margins
• The age of the youngest spouse
• Purchase and downpayment figures
• And more...

While the app doesn’t replace our Reverse PreQual service, it provides an immediate estimate to help determine if a PreQual might be helpful. Reach out to your Plaza Account Executive today!

Plaza’s Reverse Mortgage staff will run a complete analysis on your submitted information and send the findings back to you via e-mail - typically within a few hours. The analysis details available funds, interest rates, fees and other loan information.

Get a PreQual