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Good Day Reverse Mortgage Review


ConsumersAdvocate.org Rating: 4.5 / 5 (Excellent)
25 Customer Comments & Reviews - see all comments
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Good Day Reverse is mortgage company that operates in California.

Established in 2016, Good Day Reverse requires HUD and FHA counseling prior to disbursement of their HECM and proprietary reverse mortgage options.

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

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25 Customer Comments & Reviews

Loading Reviews ...
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


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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!


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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.


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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


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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.