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      November 20, 2018

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Reverse Mortgages

  1. Liberty Home Equity
  2. LendingTree
  3. Finance of America
  4. Home Point Financial
  5. AAG
  6. Lower My Bills

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One Reverse Mortgage

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Finance of America

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American Advisors Group

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Reverse Mortgages Better Business Bureau Reliability Seal

Get Your Reverse Mortgage at One Reverse Mortgage Today! If you're age 62 or older, you may have received information regarding reverse mortgages as a means of increasing your income during your retirement years. What is a reverse mortgage, and how does it work?

Unlike a traditional mortgage, where you pay a lender monthly and build up the equity in your home, a reverse mortgage allows the borrower to convert the already-established equity in their home into cash. In other words, with a reverse mortgage, you receive payments from the lender based on the value of your home and the amount of equity you've built up over the years.

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Best Reviews

2018

Reverse Mortgages

5 stars
One Reverse Mortgage

ONE REVERSE MORTGAGETopConsumerReviews.com Best-In-Class Blue Ribbon Award

One Reverse Mortgage provides clients with a supportive, easy-to-understand process for obtaining a reverse mortgage. Their reputation is stellar, and they welcome the participation of other family members at every step of the way. One Reverse Mortgage is our top choice in the reverse mortgage industry.
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Site

4.5 stars
Liberty Home Equity Solutions

LIBERTY HOME EQUITY SOLUTIONS

Liberty Home Equity Solutions makes the reverse mortgage process transparent, simple, and trustworthy. Their "Iron Clad Guarantee" means that you'll get the best possible rates and close within 60 days - strong evidence of their commitment to customer satisfaction. Liberty is an excellent choice for your reverse mortgage needs. Read More... Visit
Site

4.5 stars
LendingTree

LENDINGTREE

LendingTree is not a reverse mortgage lender; instead, they use your information to match you with other lenders in their network. Their process is simple, and they work with a wide variety of lenders. LendingTree is a very good option for those people interested in a Reverse Mortgage.
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4 stars
Finance of America

FINANCE OF AMERICA

From reassuringly-positive customer testimonials to an easy-to-navigate website, Finance of America makes a strong impression when it comes to reverse mortgages. An A+ rating with the Better Business Bureau and membership in the National Reverse Mortgage Lenders Association is further proof that customers are very satisfied with the service received during the borrowing process at Finance of America, and we give them our recommendation as well. Read More... Visit
Site

3 stars
Home Point Financial

HOME POINT FINANCIAL

Home Point Financial is an established lending company, whose products include reverse mortgages, USDA Loans, and HARP refinancing. You'll have to contact Home Point to get information about their reverse mortgage program, as the website doesn't allow you to get a quote directly. However, if you prefer to work with a lender that has in-person locations, Home Point may be a good choice for you. Read More... Visit
Site

2.5 stars
American Advisors Group

AMERICAN ADVISORS GROUP

American Advisors Group has been one of the most well-known names in the reverse mortgage industry. But, recent concerns with misrepresentation - including a settlement in court with the Consumer Financial Protection Bureau - have earned them a low ranking in our list of lenders.
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1.5 stars
Lower My Bills

LOWER MY BILLS

Lower My Bills offers several loan products, including reverse mortgages, personal and auto loans, and refinancing. Despite an A+ rating with the BBB, recent court actions may leave you wondering if your personal information will be safe with this lender. We recommend that you choose a more reputable company for your reverse mortgage needs.
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Continued from above

The most common option is known as an HECM (Home Equity Conversion Mortgage), and these loans can be used for basic monthly expenses, medical care, or whatever need you may have. Some of the requirements of obtaining a reverse mortgage are primary residency (living in the home for at least 183 days per calendar year) and participating in a counseling session with an HUD counselor over the phone or in person. Once you have a reverse mortgage, you will still be responsible for paying all applicable property taxes, maintaining the property, and keeping your homeowners' insurance policy up-to-date.

For those shopping for the best reverse mortgage, scouring the internet first provides a large list of quality companies with the most competitive rates.

When you're ready to begin considering lenders for your reverse mortgage, you should keep in mind the following criteria:

  • Rates and fees. What will it cost you to get a reverse mortgage with this lender? Are they transparent with their rates and fees?
  • Process and approachability. It's easy to get confused by the process of getting a reverse mortgage, or by the terms and conditions once the loan is in place. Does the company seem approachable and helpful? Is the website easy to use?
  • Reputation. Is the lender a member of the National Reverse Mortgage Lenders Association (NRMLA)? Do they have a solid track record for treating customers fairly and providing enough information and support during the process?

TopConsumerReviews.com has reviewed and ranked best Reverse Mortgages available today. We hope this information helps you or your loved ones find the right Reverse Mortgage to meet your needs!

Finance of America Reverse rebrands as retirement solutions provider

Reverse mortgage lender Finance of America Reverse announced it is rebranding as a provider of retirement solutions dedicated to helping people "get to work on retirement." As part of the company's ne...

Published:  Mon, 19 Nov 2018 10:23:00 GMT



Ditech Revenue Up in Q3, But Bankruptcy Still Looms

Ditech Holding Corporation (NYSE: DHCP), parent company of Reverse Mortgage Solutions, is hovering on the brink of bankruptcy, despite posting an increase in revenue in the third quarter, including ac...

Published:  Mon, 19 Nov 2018 14:12:00 GMT



Finance of America Reverse Unveils New Brand Dedicated to Helping People Get to Work on Retirement

Highlights include: Although housing wealth for homeowners 62 and older grew to $6.9 trillion in Q2 2018,* only 11 percent of senior homeowners have positive feelings about reverse mortgages.Big conve...

Published:  Thu, 15 Nov 2018 07:41:00 GMT



AAG, Finance of America execs to co-chair NRMLA

National Reverse Mortgage Lenders Association (NRMLA) has announced that its board of directors has elected Reza Jahangiri of American Advisors Group and Scott Norman of Finance of America Reverse to ...

Published:  Mon, 19 Nov 2018 15:38:00 GMT



5 Reverse Mortgage Requirements To Get Approved

There are many benefits of reverse mortgages for retired persons. A reverse mortgage is a loan in which a homeowner receives a loan off the equity in their property. The nice piece is the borrower doe...

Published:  Mon, 05 Nov 2018 21:35:00 GMT



Mutual Mortgage Insurance Fund Outperforms for Fourth Year in a Row

as well as mortgages insured under the Home Equity Conversion Mortgage (HECM), or reverse mortgage program. "The financial health of FHA's single-family insurance fund is sound," U.S. Housing and Urba...

Published:  Fri, 16 Nov 2018 07:24:00 GMT



Reverse mortgage lender American Advisors Group expands to VA loans

Top reverse mortgage lender American Advisors Group has expanded its product offerings to include VA loans. The move is part of the lender's effort to rebrand as a holistic provider of home equity sol...

Published:  Wed, 14 Nov 2018 14:00:00 GMT



Will a mortgage be a dark cloud over your retirement

Those who have substantial equity built up in their homes could consider a reverse mortgage, planners say. These loans can be used to pay off the existing mortgage, but no payments are required and th...

Published:  Thu, 08 Nov 2018 00:04:00 GMT



Strong FHA audit indicates now is the time to fix FHA's infrastructure, reverse mortgage risk

WASHINGTON - (RealEstateRama) - The Federal Housing Administration's (FHA) 2018 audit report on the Mutual Mortgage Insurance Fund (MMIF) is another step on the road to full recovery from the housing ...

Published:  Mon, 19 Nov 2018 08:39:00 GMT



Your Money with Mary Holm - reverse mortgages

Reverse mortgages can be a good way for retired people to make use of the often huge amounts of money they have tied up in their homes. With a reverse mortgage, you make no repayments until you leave ...

Published:  Thu, 15 Nov 2018 21:05:00 GMT



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