How To Get The Best Deal On A Reverse Mortgage

Section 10. How To Get The Best Deal On A Reverse Mortgage

How do you get the best deal on a reverse mortgage? The answer is to simply shop around. Different reverse mortgage lenders have different fees and different policies. You need to check with several lenders to find the right one for you.

Some lenders are national and provide reverse mortgages in most states. Following are some of the national lenders:

     Wells Fargo Home Mortgage

     MetLife

     Bank of America, N.A.

     Academy Mortgage

     Financial Freedom Senior Funding Corp.

     Generation Mortgage Company

Other reverse mortgage lenders are more likely to service a geographic area or certain states and are more local in nature. You can check on lenders for your state by going to the National Reverse Mortgage Lenders Association's locate a lender page at http://www.reversemortgage.org/LocateaLender/tabid/255/Default.aspx

This ebook is for general information only and may or may not be applicable to your situation. If you have any questions whatsoever, talk with a mortgage broker or lawyer licensed in your state.

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