Guide to Lenders Reverse Mortgage Review
ConsumersAdvocate.org
Guide to Lenders makes it possible for homeowners to view multiple reverse mortgage offers with its online loan application platform. The loan matching service enables user to access more than 150 lenders though its simple online application process.
Services and Features
Guide to Lenders is a proud member of the US Department of Housing and Urban Development and has also been approved by the Equal Housing Opportunity. The online platform has been graded A+ by the Better Business Bureau and insured by the FHA.
The service provider allows consumers to use a part of their home equity into a tax-free income for through a reverse mortgage. Clients can have the freedom to choose whether to pay monthly or in a lump sum manner which they are not obliged to repay until they have permanently move out of their homes.
Guide to Lender’s reverse mortgage loan matching service gives customers a simple and hassle-free online application right through their website. Borrowers are handed with an easy to answer application form in which they can get multiple offers at once.
Services and Features |
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Reverse Mortgage Calculator |
✗ |
Online Quotation |
✔ |
Refinancing |
✔ |
Financial Guide |
✔ |
Types of Reverse Mortgage |
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VA Loans |
✔ |
Single-Purpose Reverse Mortgage |
✔ |
Home Equity Conversion Mortgage |
✔ |
Proprietary Reverse Mortgage |
✗ |
Qualifications |
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Counseling |
✔ |
Home Owner |
✔ |
Amount of Equity |
Not Stated |
Age |
At least 18 years of age |
Accreditation |
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Member of US Department of Housing and Urban Development |
✔ |
Member of Nation Reverse Mortgage Lenders Association |
✗ |
Insured by FHA |
✔ |
Approved by Equal Housing Opportunity |
✔ |
Plan Details |
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No Pre-Payment |
✔ |
No Monthly Servicing |
✔ |
Interest Rate |
Interest rates depends on the chosen lender of the customer |
Closing Cost and Fees |
Zero hidden fees, points, and closing fees |
Help and Support |
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Mobile App |
✗ |
Telephone Support |
✔ |
Webinars |
✗ |
|
✔ |
FAQs |
✔ |
Reverse Mortgage at Guide to Lenders
Guide to Lenders gives homeowners searching for reverse mortgage services a simple and convenient way of connecting with multiple loan services. It gives them the ability to find the best loan terms by giving them the chance to select the best reverse mortgage offers from competing lenders.
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