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Friday, July 12, 2013

Best Reverse Mortgage Lenders

For this post we are showcasing the top 10 -

Best Reverse Mortgage Lenders

for the year 2013.

By the way what is a

reverse mortgage?

A reverse mortgage is a form of equity release (or lifetime mortgage). It is a loan available to home owners or home buyers, enabling them to access a portion of the subject home's equity. The home owners can draw the mortgage principal in a lump sum, by receiving monthly payments over a specified term or over their (joint) lifetimes, as a revolving line of credit, or some combination thereof. Wikipedia

Now, here is your

Top 10 list of reverse mortgage lenders.



TOP : 1

Reverse Mortgage Lender

Liberty Home Equity Solutions

Liberty Home Equity Solutions
Photo credits : www.mytop10listof.blogspot.com
The Liberty Homes Equity Solutions or worldwide known as Liberty is formerly known as Genworth Financial Home Equity Access, Inc. or GFHEA. They are considered to be one of the largest lenders of home equity conversion mortgages. When it comes to the field of reverse mortgage they are considered also to be one of the most experience and trusted. Liberty also claimed that for the fast 10 years of their reverse mortgages services they have delivered the following :
  • education
  • home equity solutions
  • and personal care to over 25,000 senior homeowners and 1,000 wholesale partners
Liberty shows people their equity solutions for the goal to help them build a better future and achieve financial independence.

To visit the Liberty website please follow the link here.



TOP : 2

Reverse Mortgage Lender

Security One Lending

Security One Lending
Photo credits : www.mytop10listof.blogspot.com
The Security One Lending or S1L for short has the following process for their customers and clients:

1. First of all is the Awareness
  • their customers will be fully aware and learn what is reverse mortgages or a particular product from an article, website, commercial, family or friend.
2. Second is Action
  • By contacting a a reverse mortgage specialist you can review the best plans of reverse mortgage that suits your financial needs.
3. The third is Counseling
  • Counseling is mandatory for every reverse mortgage products and programs that they offered and it is completed via unbiased 3rd party HUD approved agency.
4. Fourth is Application
  • After completing counseling you can now contact a reverse mortgage specialist to start your application and disclosure details.
5. The fifth is Processing
  • After your application submission it will be reviewed to ensure your property is still good and decent. This is done because they don't want to risk their lenders' money, time, etc.. Once all your items have been received by Underwriting your loan will be move to the next and final phase.
6. Sixth, Underwriting
  • Your loan will be process now. This stage is also the time where your appraisal ordered, title and other information preparing you for your loan underwriting.
7. Lastly, the Closing & Disbursement
  • For the finalization of all your documents, payment plans, etc., they will assign you to a particular schedule. If you wanted to cancel your loan after signing the documents, they will give you three days for it and if you didn't your funds will be disbursed as a lump sum or set up for monthly payments depending on which payment option you choose.
To visit the S1L website please follow the link here.



TOP : 3

Reverse Mortgage Lender

American Advisors Group

American Advisors Group
Photo credits : www.mytop10listof.blogspot.com
The American Advisors Group or AAG Reverse Mortgage is considered to be the top 10 reverse mortgage companies in the USA. The AAG are helping seniors to get TAX FREE CASH. Their main goal is : Making the reverse mortgage experience as informative and efficient as possible, with the mission of helping the senior citizens with the best satisfaction. Their service is definitely and exclusively for Reverse Mortgage only that is why they are considered to be experts in this field as they claimed.

To visit the AAG Reverse Mortgage website please follow the link here.



TOP : 4

Reverse Mortgage Lender

One Reverse Mortgage LLC

One Reverse Mortgage LLC
Photo credits : www.mytop10listof.blogspot.com
One Reverse Mortgage is a reverse mortgage that already helped thousands of homeowners. These homeowners have the ages ranging from 62 years old and above. Their main goal and mission is to help and make old people stay in the home they love without monthly mortgage fees.

To visit the One Reverse Mortgage website please follow the link here.



TOP : 5

Reverse Mortgage Lender

Generation Mortgage Company

Generation Mortgage Company
Photo credits : www.mytop10listof.blogspot.com
Generation Mortgage Company is a reverse mortgage lender. A leading independent reverse mortgage lender offering professional service for senior homeowners who are seeking secure financial future for themselves. The company is also exclusive only for reverse mortgage products lending no more no less. They have all the easy to contact mortgage professional specialists to help you out with their award-winning customer services. The company also allow their clients to spend their money for their own choice. With their free tools and all needed information, they will guide you to which reverse mortgage products or services to choose on which will really suit your financial future.

To visit the One Reverse Mortgage website please follow the link here.



TOP : 6

Reverse Mortgage Lender

Urban Financial Group

Urban Financial Group
Photo credits : www.mytop10listof.blogspot.com
Urban Financial Group belongs to the top 3 ranking in the United States of America when it comes to the reverse mortgage. As their service, they are allowing homeowners with 62 years old and older to use their home's equity for their needs solution. They are proclaimed to be trusted with the reverse mortgage services matching their customers with the best and right products that suit them in order to provide and meet their financial needs. They have divisions in the 42 USA states which are all license. They are also a member of Urban Financial Group is a proud member of the National Reverse Mortgages Lenders Association (NRMLA).

To visit the One Reverse Mortgage website please follow the link here.



TOP : 7

Reverse Mortgage Lender

Proficio Mortgage Ventures LLC

Proficio Mortgage Ventures LLC
Photo credits : www.habitatpinellas.org
The Proficio Mortgage Venture, LLC is owned by the Proficio Bank. They are authorized to lend in 49 states of USA and considered to be a Nationwide mortgage lender. As of 2013, they have 172 loans month, 172 loans YTD (year-to-date) and 3.31% market share which is reported by the top 100 HECM lenders as of January 2013.

To visit the One Reverse Mortgage website please follow the link here.



TOP : 8

Reverse Mortgage Lender

Reverse Mortgage USA Inc.

Reverse Mortgage USA Inc.
Photo credits : www.mytop10listof.blogspot.com
Reverse Mortgage USA Inc. have done over 800 reverse mortgages. And they have the goal and mission of buiding their company by educating their clients and not by selling them. As of 2013, they have 157 loans month, 157 loans YTD (year-to-date) and 3.03% market share which is reported by the top 100 HECM lenders as of January 2013 also.

To visit the One Reverse Mortgage website please follow the link here.



TOP : 9

Reverse Mortgage Lender

Cherry Creek Mortgage Co Inc.

Cherry Creek Mortgage Co Inc.
Photo credits : www.mytop10listof.blogspot.com
Cherry Creek Mortgage Co Inc. or CCMC for short is a trusted reverse mortgage by their clients. Their daily practice includes the following :
  • honesty
  • integrity
  • professionalism
  • communication
CCMC is also partnered with the most powerful online HOME SEARCH SERVICE.

To visit the One Reverse Mortgage website please follow the link here.



TOP : 10

Reverse Mortgage Lender

New Day Financial LLC

New Day Financial LLC
Photo credits : www.mytop10listof.blogspot.com
New Day Financial LLC or NewDay for short is proud to be an accredited member of the Better Business Bureau with an A+ rating. They are chosen by the VFW or Veterans of Foreign Wars as the exclusive lenders for their members (both forward and reverse mortgages).

To visit the One Reverse Mortgage website please follow the link here.



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