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Reverse Mortgage | Top Companies: This Week' s Reviews |
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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!
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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. |
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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
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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. |
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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! |
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Other Top Companies for
Reverse Mortgage : |
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Golden Gateway Financial
Address : 484 9th Street Oakland, CA
94607
Phone : 1-800-466-6394
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Fannie Mae
Address : 3900 Wisconsin Avenue, NW
Washington, DC 20016-2892
Phone : 202-752-7000
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American Reverse Mortgage
Address :605 SW First Avenue Ocala, Florida
34471-0982
Phone : 888-370-6620
http://www.americanreverse.com
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Reverse Mortgage Nation
Address : 3301
Boston Street Baltimore, MD 21224
Phone :
888-973-8377
http://www.reversemortgagenation.com
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How To Select The Best Company For Reverse Mortgage |
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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.
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Reverse Mortgage : In The News |
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