Top Reverse Mortgage Lender & Expert Reviews Finding the Top Reverse Mortgage Lender from the Crowd Made Easy Reverse mortgage is becoming very popular these days as consumers want to get the best out of home equity they have built over years and decades. Here is how you should go about finding the top reverse mortgage lenders.
Identify A Few Lenders Finding the top reverse mortgage lender isn’t as easy as finding a company that offers home equity loan. These lenders work in a very niche market and hence aren’t household name. You aren’t likely to find too many recommendations if you ask your friends and colleagues. This is where it all boils down to individual research where you will need to search for them on the Internet. You need to get a clear idea of how this business works and there is no better way to do this than read expert reviews. Once you are done doing so you will be able to zero in on a few companies that enjoy strong reputation in reverse lending business. Zero In On One Lender Once you have small list of lenders the next step is to zero in on one that enjoys strong reputation among customers who have availed their schemes. Here you can search for more information in Consumer Financial Protection Bureau’s database. This will give you a clear idea about the kind of experience other customers have enjoyed in the past working with the lender. While this
is a good way to identify a good lending company you should also be careful not to take all reviews on face value. Some of them may be funded by the company while others may have been written to tarnish their image. Reading through these reviews and complaints would give you a sense of the ones that you should trust and ones that should be rejected. Get In Touch With Them No matter what is said or written about the company you should never make your decision without personally contacting them. Know the questions you should ask them beforehand. These questions should revolve around their experience in reverse mortgage, their interest rates and more importantly the drawback of reverse mortgage. How well the loan officer answers your questions especially the last one would help you make an informed choice.