Liberty Reverse Mortgage Review

#12 in Reverse Mortgages

Liberty Reverse Mortgage is a subsidiary of Ocwen Financial which is insured by the Federal Housing Administration and a member of NRMLA. The company offers home equity conversion mortgages, as well as purchase and reverse mortgages across the country.

Services and Features

Liberty Reverse Mortgage processes reverse mortgage application within 30-45 days. The borrower must undergo a mandatory reverse mortgage counseling session. Liberty has a three-day, right of rescission period after the closing document has been signed.

Liberty Reverse Mortgage offer Home Equity Conversion Mortgages, normally recognized as a reverse mortgage. Before a client can qualify in a reverse mortgage, the borrower must be a titled homeowner.

A mortgagor at Liberty must be the owner of a 1-to-4 unit dwelling, single-family residence, or FHA-approved condominium. Only applicants 62 years or older qualify. In addition, clients must meet financial eligibility standards.        

Liberty also offers Home Equity Conversion Mortgages. In this the borrower is permitted to access a part of their home’s equity. The borrowed money can be acquired through monthly installments, a line of credit, or lump sum.  

Services and Features

Reverse Mortgage Calculator

Online Quotation

Refinancing

Financial Guide

Types of Reverse Mortgage

VA Loans

Single-Purpose Reverse Mortgage

Home Equity Conversion Mortgage

Proprietary Reverse Mortgage

Qualifications

Counseling

Home Owner

Amount of Equity

Not Stated

Age

62 and older

Accreditation

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

No Pre-Payment

Not Stated

No Monthly Servicing

Interest Rate

Not Stated

Closing Cost and Fees

Not Stated

Help and Support

Mobile App

Telephone Support

Webinars

Email

FAQs

Reverse Mortgage at Liberty Reverse Mortgage

Liberty Reverse Mortgage is a safe pick for homeowners searching for reverse mortgages. The company offers tax-free proceeds on their reverse mortgage services and excellent customer service for its clients.

Start your review for Liberty Reverse Mortgage