Good Day Reverse Mortgage Review

Rating: 9 / 10 (Excellent)
25 Customer Reviews - see all comments
Disclosure: We receive advertising revenue from this partner. Learn more.
Good Day Reverse is mortgage company that operates in California. </br> </br> Established in 2016, Good Day Reverse requires HUD and FHA counseling prior to disbursement of their HECM and proprietary reverse mortgage options. </br> </br> Good Day aims to make the lending process as easy as possible, with quick quotations, online guides, and discounted origination fees.

How is Good Day Reverse rated?

Breakdown

4.5/5
Transparency & Reputation
4.5/5
Loan Options
4.5/5
Availability

Overall Rating: 4.5 / 5 (Excellent)

Despite being a newcomer to the reverse mortgage industry, Good Day Reverse is a company to watch out for, in a good way. They promote themselves as customer-centered, with all originations and processing done in-house, in order to streamline their mortgages. They also provide more discounts than most reverse mortgage lenders, making it possible for borrowers to pay nothing for origination, servicing and processing. However, the relative youth of the company does mean that there is not much history to judge them by.

Transparency & Reputation

Lender Type
Broker
2016 HECM Loan Value
$540,936
Nationwide Mortgage Licensing System ID
1500380
Nationwide Mortgage Regulatory Actions
0

Transparency & Reputation - 4.5 / 5


Good Day Reverse Loans

Loan Types
HECM Traditional
HECM for Purchase
HECM Refinance
Proprietary Reverse Mortgage
Payout Options
Lump Sum Payment
Monthly Payments
Line of Credit
Fixed Rates Starting At
4.18%
Variable Rates Starting At
3.75%
Origination Fee
$0
Closing Fee
$0

Loan Options - 4.5 / 5


Good Day Reverse Availability

Site Features & Mobile App
Online Quote
BBB Rating
A-
Number of BBB Positive Reviews
2
Number of BBB Neutral Reviews
0
Number of BBB Negative Reviews
0
Date Collected
2017-08-17

Availability - 4.5 / 5


Contact & Additional Info

Homepage URL
Company Phone
(877) 676-6542
Headquarters Address
12655 W Jefferson Blvd, 4th Floor, Los Angeles, CA, 90066
Mailing Address
12655 W Jefferson Blvd, 4th Floor, Los Angeles, CA, 90066
Year Founded
2016

Top Rated
Our Partner

  • Your California Discount Reverse Mortgage Company
  • Exclusive Discounts on Reverse Mortgage Origination Fees
  • New Reverse Mortgage Programs That Offer MORE For Less
  • 100% Satisfaction Rate – ConsumersAdvocate.org
  • Innovative Company That ONLY Offers Reverse Mortgages
  • Member of National Reverse Mortgage Lenders Association
  • Only Available in California

Latest Good Day Reverse Reviews

10.0
Based on25 Reviews fromGood Day Reverse customers
picasa424

1/28/2019
Good Day Reverse Mortgage is Definately a five Star Company. I was in the financial (Mortgage and Banking) field for over 25 years before retiring in '2008. The most important thing you can provide is Customer Service and keep your client informed at all times. Janette Heyl is definately my kind of business professional. She is very patient and walks you through the whole process. Our many phone calls and tons of questions were answered immediately. From beginning questions to application and funding was about six weeks. We funded Today. YEA, no more mortgage payments. We will recommend Good Day Reverse and Janette to anyone thinking of a Reverse Mortgage. Mary and... Read More


L
Lance S

1/3/2019
Janette Heyl was absolutely outstanding in her manner and knowledge taking the time to thoroughly explain the rather complex details of a reverse mortgage. I can't thank her enough.


Patiricia H

1/3/2019
Janette was so very knowledgeable! She made sure that I understood each step of the reverse mortgage process. Great personality, like talking with a caring friend. I heartily recommend Good Day Reverse Mortgage!


L
Linda H

9/5/2018
Good Day Reverse did an outstanding job for us throughout the reverse mortgage process. Janette Heyl was a strong, steady, well-informed advocate; she was a pleasure to work with and, without a doubt, made the entire process manageable. We can unequivocally recommend Good Day Reverse. We were extremely satisfied with their service.


R
Robert C

8/23/2018
Made the process easy. Rates and Fees reasonable. We would recommend them.


A
Annette Y

8/20/2018
I enjoyed working with Janette. She was very professional and made sure I received the interest rate I wanted. She is a super advisor.


B
Buddy a

6/1/2018
We began researching reverse mortgages several months ago and decided that it may be right for us. The hardest part of the process was trying to decide which company to choose. After contacting several companies and becoming completely confused, we stumbled upon Janette Heyl at Good Day Reverse. After our initial email and phone contact with Janette, we knew we had found the right company. She made the entire process effortless and stress free, by communicating in terms that we could understand. She was always available to answer any questions that we had during the entire process. After six weeks, our loan is complete and we are on our way to a more enjoyable retirement. We highly... Read More


W
Wendell B

4/27/2018
Having worked in an unrelated part of mortgage banking, I was quite familiar with the need to "shop around" before actually doing business. I choose Good Day Reverse because they offered the most beneficial terms to me. Again, having been in the mortgage business, I was particularly impressed by Good Day's Janette Heyl. She was the consummate professional, guiding me through every step of a very paperwork heavy process. If your contemplating a reverse mortgage, you owe it to yourself to consider what this company has to offer.


N
Neil K

4/25/2018
I would award more stars if allowed. Jeanette Heyl at Good Day is the consummate professional and I highly recommend that anyone looking at a reverse mortgages consult with her. You will be treated to a thorough and easily understood loan analysis. There is no pressure or hype, just the facts and figures. She made it a GOOD DAY for us. N.Knott, Monte Sereno,Ca.


Dave D

3/27/2018
I am very pleased with Good Day Reverse Mortgage. Janette was very helpful and easy to work with making sure I understood everything about my reverse mortgage.


Michael V

2/23/2018
My wife and I enjoyed working with Janette Heyl. She was excellent! Not pushy or sale zy like other RM companies we spoke with. She was down to earth and easy to work with. We received clear pros and cons of doing this mortgage and she made sure we had the best rates available. The other companies were not even close. When the other companies called me during our process, I would tell them a little about our contract and they would say oh well great! We can't touch it. Best Wishes!


Jerry D

1/30/2018
I am so pleased with the help I got from Good Day in securing a reverse mortgage. They were honest and walked me through the entire process explaining things clearly as we went along. They responded to my questions quickly and made me feel at ease from start to finish. I highly recommend them to anyone thinking about a reverse mortgage. You won't regret using them.


G
Gerry

1/19/2018
We were fortunate to have located Janette at Good Day Reverse Mortgage. Not only is she very knowledgeable with regard to this type of loan but she is extremely graceful, patient and a real people person. We fully recommend Janette to anyone looking for help with their reverse mortgage.


Mariana A

12/18/2017
I had such a pleasant experience dealing with Janette Heyl @ Good Day Reverse Morgage for my refinancing. She was a pleasure each time she called. I felt she really cared about my situation which was a unique one. She was always there when I had questions & knew all the answers. I am so glad I found her quite by accident, but it was the best thing that ever happened to me at this time in my life.


Joyce S

11/27/2017
I have had the privilege of working with Janette Heyl on 2 different occasions. First, when I originally obtained a reverse mortgage on my home, and then again when I refinanced that loan. I can not possibly say enough about the prompt, thorough, competent service I received from Janette. I found her to be knowledgeable, patient, and thorough when answering my questions and dealing with ALL my concerns.


P
Paul P

11/4/2017
A line of credit reverse mortgage with low closing costs was something we had decided would give us a desirable level of security. Although we also wanted to deal face to face with a provider we found closing costs offered locally to be on the high side. We ended up choosing Good Day, located in another city, because they had substantially lower closing costs. And to our pleasant surprise doing business over the phone and by email with agent Janette Heyl was smooth and efficient. We have recently closed and thank her and the rest of Good Day staff for the excellent service.


N
Nathaniel H

10/24/2017
Janette Heyl from Good Day Reverse is one of the best and most ethical business professionals with whom I've ever worked. I come from the financial field and she is: 1) Extremely patient, kind and proficient. 2) Her knowledge of the reverse mortgage field is exceptional. 3) She has the patience of Job & is extremely easy with. 4) She's ethical & honest. 5) Unlike many in the reverse mortgage industry, she recommends consumer focused choices that don't have what in the mortgage business are called, "Junk Fees." 6) She works harder than anyone.


S
Scott

10/24/2017
To Whom It May Concern, After dealing with 2 other reverse mortgage brokers firms we were dazed, confused and turned off about the process and were unsure what we would be ending up with. After reading some very positive reviews we decided to check in with this company; Good Day Reverse Mortgage, and hear what they had to offer. Janette Heyl was the representative we spoke with. She did not try to dazzle us with figures or pressure us to do anything without first considering several other options. With her help everything worked out smoothly, always keeping us in the loop and answering everything thought or concern of ours as if we were speaking with a good friend. A few days after... Read More


Marilyn P

10/4/2017
Good Day Reverse Mortgage is an excellent company to deal with. Janette Heyl was our loan person and she is so wonderful! She kept us informed of every step, walked us through the application process and just was there whenever we had a question. This was the easiest process because of Janette. I would recommend Good Day to anyone seeking a reverse mortgage. It was a pleasure doing business with them.


P
PEvery

10/1/2017
I was initially concerned about starting this whole process, but after speaking with Janette Heyl, a Reverse Mortgage Advisor, I felt more at ease and comfortable. She explained every step to me and made sure that I fully understood everything there was to know about Reverse Mortgages. This made things less stressful for me because I knew what I was signing up for. I would wholeheartedly recommend Ms. Heyl to anyone who is considering doing a Reverse Mortgage.


C
Chet S

6/18/2017
Jason Heyl with Good Day Reverse Mortgage was the loan agent on my original reverse mortgage in 2014 After talking to many other companies, Jason was able to offer the best rates and service. There were a couple of huge obstacles that nearly ended the loan process. My social security number was erroneously tied to a defaulted federal housing loan. Jason worked hard and helped me clear this identity mistake from my record so my application could be submitted. Then, the appraiser called for an electrical line to be moved and the electric company said it had been installed to code and refused to move the line. Neither would back down. After detailed communication by Jason with the... Read More


Richard K

6/14/2017
I recently became interested in reverse mortgage arrangements when I learned that start up fees and costs had been reduced to affordable ranges. I began inquiries on the internet and learned also that valuable consumer protections had also been put in place in recent years. I sought information and quotations from at least four top reverse mortgage providers and completed the required counseling sessions. Other reverse mortgage companies provided a great deal more information up front online about the rules and guidelines to reverse mortgages than did GoodDay Reverse Mortgage Co. And other companies apparently had been fully vetted in the Reverse Mortgage Business longer. GoodDay... Read More


Tom C

3/31/2017
We were shopping for minimum closing costs. Initial brokers wanted over $11,500. Found Good Day on the web. Jason Heyl was our Good Day broker. He was right on top of everything. Very professional and responsive. He quoted us closing costs of $5600, half of all the other companies we had contact. On the day we signed doc he told me he was able to get a $2000 credit. That made the total closing costs $3600! Using Jason and his company was not a good day, it was a GREAT DAY! I would recommend Jason without reservation.


C
Curtis P

3/25/2017
The experience was very good. Each step of the way was clearly laid out with efficient communications and procedures. Jason was friendly and professional. We got a very good deal and ended up paying even lower fees than expected. Highly recommended.


Sandy E

11/10/2016
Jason Heyl is VERY helpful & makes the process a simple as can be. I have used him twice now & highly recommend him & Good Day Reverse.