There were 361 complaints about reverse mortgages submitted to the CFPB in 2023, a number that dropped to 298 in 2024.
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See reviews below to learn more or submit your own review. All Reverse Mortgage is a direct lender providing homeowners 62 and older reverse mortgages or home equity conversion mortgages (HECM).
The share of reverse mortgage complaints to the CFPB last year accounted for roughly 1.4% of the total number of mortgage complaints submitted to the bureau.
David Herron's home in North Lawndale has been in his family for more than six decades. Among other repairs, it needs a new ...
Don’t believe everything you hear.” This couldn’t be truer when it comes to refinancing reverse mortgages. Many homeowners ...
Explore your reverse mortgage options here to see how much ... The company boasts strong customer reviews and maintains an A+ rating with the Better Business Bureau (BBB). Fairway offers multiple ...
While you need to review your options carefully, reverse mortgage lenders have a worse reputation than they deserve, says Miser. “There’s a lot of poor information and guidance out there which ...
Roberto Jimenez Mejias / Getty Images If you’ve ever seen an advertisement for reverse mortgages, odds are it involved a home equity conversion mortgage (HECM). These federally insured loan ...
A reverse mortgage is a loan, and an annuity is insurance Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing ...
For more information, read our full review of Fairway Independent Mortgage. ProductsStandard reverse mortgage, HomeSafe ...