Terms & Conditions
Last updated: · Reviewed by Simply Approved Mortgages (NMLS #2620881)
These Terms govern your use of Simply Approved Mortgages and any calculators, forms, or content provided on this website. By using the site, you agree to these Terms. Last updated: January 2, 2026.
1. Acceptance of terms
By accessing or using this website, you agree to be bound by these Terms and our Privacy Policy. If you do not agree, do not use the site.
2. Educational information only
The content on this site is for general educational purposes about the FHA Home Equity Conversion Mortgage (HECM) program and other reverse mortgage products. It is not legal, tax, financial, or accounting advice. You should consult a qualified professional before making any decision about a reverse mortgage.
3. No offer of credit
Nothing on this site is an offer to lend, an approval, a commitment to lend, or a guarantee of loan terms. All loans are subject to underwriting approval by a HUD-approved HECM lender. Rates, fees, principal limits, and program terms change and vary by borrower, property, and lender.
4. Calculator estimates
Any figure produced by our calculator (including principal limit, home value, proceeds, or payment) is an estimate based on the inputs you provide and current HUD parameters. Actual figures are determined by an FHA-approved appraisal, expected interest rate at closing, and lender underwriting.
5. Your submissions & consent to be contacted
You represent that information you submit is true, accurate, and your own, and that you are at least 18 years old. By submitting the lead form, calculator, or any contact form on this site, you provide express written consent for Simply Approved Mortgages and its agents, service providers, and lending partners to contact you at the phone number(s) and email address(es) you provide — including your wireless number — by live call, prerecorded/artificial voice, SMS/MMS text, email, and AI-assisted voice or chat for any purpose related to your inquiry, application, servicing, and marketing of reverse mortgage products, even if your number is on any Do Not Call registry. Consent is not a condition of any purchase. Message and data rates may apply. You may opt out at any time by replying STOP to SMS, clicking the unsubscribe link in any email, emailing our contact form, or calling 877-813-7219. Full details are in our Privacy Policy.
6. Third-party links & tools
This site links to third-party resources (HUD, CFPB, FTC, NRMLA, NMLS Consumer Access, Google Places, RentCast, and others). We are not responsible for the content, accuracy, or privacy practices of any third-party site or tool.
7. Intellectual property
All content, design, code, images, and trademarks on this site are owned by Simply Approved Mortgages or its licensors and are protected by U.S. and international intellectual property laws. You may not copy, reproduce, or redistribute site content without written permission.
8. Disclaimers
THE SITE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, OR NON-INFRINGEMENT.
9. Limitation of liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, SIMPLY APPROVED MORTGAGES AND ITS AFFILIATES SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF THE SITE OR RELIANCE ON ANY INFORMATION OR TOOL PROVIDED HEREIN.
10. Indemnification
You agree to indemnify and hold harmless Simply Approved Mortgages, its officers, employees, and agents from any claims arising out of your use of the site or violation of these Terms.
11. Arbitration & class-action waiver
To the maximum extent permitted by law, you and Simply Approved Mortgages agree that any dispute, claim, or controversy arising out of or relating to this site or these Terms shall be resolved by final and binding individual arbitration administered by the American Arbitration Association (AAA) under its Consumer Arbitration Rules. You and Simply Approved Mortgages waive any right to a jury trial and waive any right to participate in a class action, class arbitration, or representative action. This section does not prevent either party from bringing an individual claim in small-claims court or from seeking injunctive relief for intellectual-property infringement in court.
12. Governing law & venue
These Terms are governed by the laws of the State of California, without regard to conflict-of-law principles. Subject to Section 11, any dispute not subject to arbitration shall be resolved exclusively in the state or federal courts located in Los Angeles County, California, and you consent to personal jurisdiction there.
13. Severability & entire agreement
If any provision of these Terms is held unenforceable, the remaining provisions shall remain in full force and effect. These Terms, together with our Privacy Policy, Disclaimers, and Licensing page, constitute the entire agreement between you and Simply Approved Mortgages regarding this site.
14. Changes
We may update these Terms at any time. Continued use of the site after changes constitutes acceptance of the revised Terms.
15. Contact Us
If you have questions about these Terms, please contact us:
- 📧 Email: our contact form
- 📞 Phone: 877-813-7219
- 📍 Address: 633 W 5th ST STE 2600, Los Angeles, CA 90071
Get your Reverse Mortgage Estimate Summary.
Complete the short estimate form and we send back a full HECM summary: your estimated principal limit, complimentary home value estimate, payoff of any existing mortgage, and estimated proceeds available to you.
- Complimentary home value estimate
- Estimated principal limit for your age
- Existing mortgage payoff included
- Lump sum, line of credit, or monthly options
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Subject to HUD counseling, appraisal, credit and income review, and final lender approval. You remain responsible for property taxes, insurance, and home maintenance.
Estimate summary
- Home value estimate
- $412,000
- Youngest borrower age
- 72
- Estimated principal limit
- $219,400
- Existing mortgage payoff
- $68,000
- Estimated proceeds available
- $151,400
Simply Approved Mortgages • NMLS #2620881 • Equal Housing Opportunity
Your numbers plus the 2026 Reverse Mortgage Guide.
Request your estimate and we include the 21-page plain-English guide: who qualifies at 62+, what a HECM costs, payout options, ongoing obligations, and the questions to ask before you sign.
- 21-page guide, no jargon
- HUD/FHA program rules explained
- Costs and fees broken down
- Questions to ask any loan officer
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Subject to HUD counseling, appraisal, credit and income review, and final lender approval. You remain responsible for property taxes, insurance, and home maintenance.
Estimate summary
- Home value estimate
- $412,000
- Youngest borrower age
- 72
- Estimated principal limit
- $219,400
- Existing mortgage payoff
- $68,000
- Estimated proceeds available
- $151,400
Simply Approved Mortgages • NMLS #2620881 • Equal Housing Opportunity
See your reverse mortgage numbers on paper.
A licensed Simply Approved Mortgages loan officer reviews your estimate with you — line by line — so you can compare a HECM against a HELOC, a refinance, or staying put.
- Side-by-side payout comparison
- Upfront and ongoing cost estimate
- HUD counseling walked through
- Answers to your heirs questions
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Subject to HUD counseling, appraisal, credit and income review, and final lender approval. You remain responsible for property taxes, insurance, and home maintenance.
Estimate summary
- Home value estimate
- $412,000
- Youngest borrower age
- 72
- Estimated principal limit
- $219,400
- Existing mortgage payoff
- $68,000
- Estimated proceeds available
- $151,400
Simply Approved Mortgages • NMLS #2620881 • Equal Housing Opportunity
Why we pull credit for your reverse mortgage pre-approval
HUD requires a Financial Assessment for every HECM reverse mortgage, including a review of your credit history and record of paying property taxes and homeowners insurance. As part of our standard broker/lender pre-approval process, we typically order a tri-merge credit report through a HUD-approved credit vendor to verify identity, review obligations, and confirm that you can continue paying property taxes, homeowners insurance, and maintenance after closing. Whether a tri-merge is required, and any fees, are set by the wholesale lender and credit vendor — not by HUD as a stand-alone rule.
Pay for your credit report — SmartPay
Simply Approved Mortgages uses MeridianLink SmartPay to securely collect the credit report fee for your reverse mortgage pre-approval. Payment goes directly to the credit vendor — not to us — and unlocks a tri-merge credit report (Equifax, Experian, TransUnion) that your loan officer uses to complete the broker/lender pre-approval file for HUD's Financial Assessment.
- Secure, PCI-compliant checkout hosted by MeridianLink
- Standard step in our broker/lender pre-approval process (not a HUD stand-alone requirement)
- Optional — you can decline; your loan officer will explain any impact on your options
You'll be redirected to cic.meridianlink.com (SmartPay).
Check your credit first — $1 trial at MyITINCredit
Before you apply, it's smart to know exactly where your credit stands. MyITINCredit offers a $1 trial for 15 days that includes all three credit reports and scores (Equifax, Experian, TransUnion), plus ongoing credit monitoring so you can catch errors, dispute inaccuracies, and watch for identity theft.
- See all 3 bureau reports & scores before your lender does
- Ongoing monitoring alerts you to new accounts or score changes
- Fix errors early — cleaner credit can widen your reverse mortgage options
You'll be redirected to myitincredit.com. Third-party service — terms apply.
Credit report fees are paid directly to the credit vendor. Simply Approved Mortgages (NMLS #2620881) does not profit from the credit pull. MyITINCredit is an independent third-party service; pricing, terms, and features are set by that provider.