Tips for a Successful Reverse Mortgage Purchase Transaction For your reverse mortgage purchase transaction on the Oregon Coast to go smoothly, be sure you understand the guidelines before you start looking for a home. If you are the buyer and reverse mortgage borrower or Realtor, study these important tips to assure closing on time and without headaches. Step one:  Get Reverse Mortgage Counseling prior to shopping for a home! Once your offer is accepted, we move quickly to start the loan process to meet the time frame of your purchase agreement, typically 30 to 45 days.  But the process cannot start until you present us with a reverse mortgage counseling…