Reverse mortgage is a popular financial option for senior citizens who own their homes and want to supplement their income. With a reverse mortgage, homeowners can convert a portion of their home equity into cash without selling their house. While there are many reverse mortgage lenders available in the market, here we have listed the top 3 reverse mortgage lenders.
1. American Advisors Group
American Advisors Group, also known as AAG, is a leading reverse mortgage lender in the United States. The company has been providing reverse mortgage services since 2004 and has funded more than $10 billion in reverse mortgages. AAG offers a range of reverse mortgage products, including Home Equity Conversion Mortgages (HECMs) and jumbo reverse mortgages.
One of the key benefits of working with AAG is that the company has a strong focus on customer service. AAG has received high ratings from customers on websites like Trustpilot and the Better Business Bureau.
Another advantage of working with AAG is that the company offers a range of educational resources to help seniors understand the reverse mortgage process. These resources include articles, videos, and webinars.
2. Finance of America Reverse
Finance of America Reverse, also known as FAR, is another top reverse mortgage lender in the United States. The company offers a range of reverse mortgage products, including HECMs, jumbo reverse mortgages, and HomeSafe reverse mortgages.
One of the unique features of Finance of America Reverse is that the company offers a proprietary reverse mortgage product called HomeSafe. HomeSafe is designed for homeowners with high-value homes who want to access more of their home equity than traditional HECMs allow.
FAR is also known for its strong customer service and educational resources. The company has received high ratings from customers on websites like Trustpilot and the Better Business Bureau.
3. Reverse Mortgage Funding
Reverse Mortgage Funding, also known as RMF, is a top reverse mortgage lender that has been in business since 2012. The company offers a range of reverse mortgage products, including HECMs and jumbo reverse mortgages.
One of the advantages of working with RMF is that the company has a strong focus on personalization. RMF offers a range of customization options for its reverse mortgage products, allowing seniors to tailor their loans to their specific needs.
RMF is also known for its educational resources and customer service. The company has received high ratings from customers on websites like Trustpilot and the Better Business Bureau.
Conclusion
If you are considering a reverse mortgage, it’s important to do your research and choose a lender that fits your needs. These top 3 reverse mortgage lenders offer a range of products and services to help seniors access their home equity and supplement their income. Whether you choose AAG, Finance of America Reverse, or Reverse Mortgage Funding, make sure you work with a reputable lender that puts your needs first.