Looking For The Best Reverse Mortgage Companies?
Best Reverse Mortgage Companies
|AARP Reverse Mortgages|
601 E. Street NW Washington, DC 20049
|Services Offered: Reverse Mortgage|
Company Overview: AARP has over 39 million members, and is the leading nonprofit membership organization for senior citizens in the U.S. They were founded in 1958 to provide private health insurance to older Americans, which was a new concept. AARP began as the National Retired Teacher’s Association, but changed its name a few times throughout the years, eventually becoming AARP.
Our Review: For anyone over the age of 50, AARP is a great company for reverse mortgages, as well as insurance and other financial services. The company works by offering a membership, and for those who join, lower rates on all sorts of financial needs. They’re a great company, and they’ve got the foundation to give you the best in the business.
User Review: I’ve been an AARP member for more than ten years now. Signing up was the best thing I ever did. I save tons of money on health insurance, and get great financial services at a fraction of the cost of other companies. I’d definitely recommend AARP’s reverse mortgage program to anyone, it’s a life saver!
|Live Well Financial|
830 E. Main St. Suite 1000 Richmond, VA 23219
|Services Offered: Reverse Mortgage, Other Financial Services for seniors|
Company Overview: Live Well Financial serves the needs of senior citizens age 62 and older. They offer reverse mortgages along with additional financial needs. They have more than 30 years of experience in the financial services industry.
Our Review: This web site is very informative and helpful. They explain themselves well, and offer up customer service information immediately. Although they have some great information and programs, however, some of their sections seem a little too brief.
User Review: I needed a reverse mortgage to pay off some bills, and not only did Live Well Financial give me that, they gave me a new attitude about banks and loan companies. They were very friendly, and tried to make my transaction as smooth as it could be.
PO Box 10335
|Services Offered: Reverse Mortgage, Home Mortgage, Agricultural Loans, Personal Banking|
Company Overview: Wells Fargo was established more than 150 years ago. Currently, they hold more than $500 billion in assets, and have 158,000 employees. They have also been ranked as one of the top mortgage companies by many different financial magazines.
Our Review: Wells Fargo is a great company. They offer great loan options for consumers, along with a solid history and customer service department. As with other reverse mortgage companies, Wells Fargo offers a wealth of information on reverse mortgages and how to go about obtaining them.
User Review: Wells Fargo made my reverse mortgage loan process simpler and faster than any other loan company I’ve ever worked with. They were helpful, informative, and knew what they were doing.
|Financial Freedom Senior Funding|
|Services Offered: Reverse Mortgage|
Company Overview: Financial Freedom was established to provide simplicity to consumer lending and reverse mortgage. They offer a variety of programs for all consumers needs. They service all of the loans they sell personally. Financial Freedom was founded in the 1980’s.
Our Review: This company specializes in reverse mortgages for seniors. Their service will probably be a little better, simply due to the fact that they only sell reverse mortgages, not any other financial products, so they can better focus on their customers and their needs.
User Review: Financial Freedom did exactly what they said they would. They were friendly, informative, and helped me to get the reverse mortgage I needed, with no questions or stipulations. Thanks Financial Freedom!
How To Select The Best Company For Reverse Mortgage
A reverse mortgage can be a great tool for consumers who need money fast and can’t afford to take out a loan. A reverse mortgage is a loan that you take out against the value of your home, that doesn’t require payback as long as you are living in your home. Choosing the right reverse mortgage company for your needs doesn’t have to be a complicated process, either. First of all, it will be in your best interest to obtain a copy of your credit report for your own personal knowledge. This way you can be sure you’re not getting ripped off with your reverse mortgage rate. If you are already aware of your credit situation, then this step may not be necessary. It just helps to be aware. Another thing to consider is how much you need to borrow.
Reverse mortgages are available to all consumers, and in any amount, depending on how much your home is actually worth. For example, if you have a $150,000 home, you won’t be able to borrow more than that. A good way to ensure that your house is worth enough to cover the cost of your loan is to get an appraisal. An appraisal will give you an accurate value for your home. When you finally get down to it and begin searching for the right reverse mortgage company, all you need to do is research the different companies available, and see which one is able to give you the best reverse mortgage. You may also need to verify the validity and usefulness of the company, because in today’s e-commerce society, there are always people who try to rip others off by pretending to offer a legitimate service to unknowing consumers. Once you’ve found the various companies you want to consider, it’s simply a matter of filling out loan applications and choosing the best reverse mortgage for your needs. Finding the right reverse mortgage, or any type of mortgage, just takes a little knowledge and a little time.
Other Top Companies For Reverse Mortgage:
|Golden Gateway Financial|
Address: 484 9th Street Oakland, CA 94607
Address: 3900 Wisconsin Avenue, NW Washington, DC 20016-2892
|Reverse Mortgage Nation|
Address: 3301 Boston Street Baltimore, MD 21224