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Live Well Financial Reverse Mortgage Review

Rating: 9.7 / 10 (Excellent)
3 Customer Reviews - see all comments
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Live Well Financial is a Virgina-based, privately owned mortgage originator, servicer, and investor operating across all 50 states and the District of Columbia. The company handles every step of their loans in-house. Live Well Financial is a direct lender who provide reverse mortgages, conventional mortgages, wholesale lending, correspondent lending, and FHA loans.
 
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How Do We Rate Live Well Financial?

Breakdown

5.0/5
Transparency & Reputation
5.0/5
Loan Options
4.5/5
Availability

Our Overall Rating: 4.9 / 5 (Excellent)

Live Well Financial is a good reverse mortgage lending option in all fifty states, and as they also offer other types of loans, they can also comprehensively advise borrowers on the best option for their needs. However, they are not ranked as highly as other providers as their website offers the bare minimum of information, preferring direct contact with customers before giving specific information.

Transparency & Reputation

Lender Type
Lender
2016 HECM Loan Value
$159,534,984
Nationwide Mortgage Licensing System ID
1177
Nationwide Mortgage Regulatory Actions
1

Transparency & Reputation - 5 / 5

Live Well Financial Loans

Loan Types
HECM Traditional
HECM for Purchase
HECM Refinance
Payout Options
Lump Sum Payment
Monthly Payments
Line of Credit
Maximum Loan Size
$636,150

Loan Options - 5 / 5

Live Well Financial Availability

Total Consumer Financial Protection Bureau Complaints
20
Site Features & Mobile App
Online Application
BBB Rating
A+
Number of BBB Positive Reviews
0
Number of BBB Neutral Reviews
1
Number of BBB Negative Reviews
2
Date Collected
2017-08-17

Availability - 4.5 / 5

Contact & Additional Info

Homepage URL
https://livewell.com
Company Phone
(800) 577-5821
Headquarters Address
1011 Boulder Spring Dr #420, Richmond, VA, 23225
Mailing Address
1011 Boulder Spring Dr #420, Richmond, VA, 23225
Year Founded
2005
Top Rated
Our Partner
(800) 791-8492
VIEW RATES

  • One of the Largest Reverse Mortgage Lender in the Nation
  • 94% Customer Satisfaction Rating and A+ BBB Accredited
  • Support From Reverse Mortgage Professionals
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Latest Live Well Financial Reviews

Cathy P

12/20/2017
Live Well has been taking money from my principal(which you much request so it will be added to load balance) the only money we took was offered to us it was $29,000. I started paying down some of the borrowed principle a total of over $10,000. Two months ago they added $35,000 to my principal money I never received bringing my principal balance to 380,000 the original amount was for $260,000. The didn't even give me credit for the money we were trying to pay off. Something is VERY WRONG with Live Well. They added a total of over $100,000. to our principal that we have to pay back - but NEVER received this money for any reason.

B
Basilio R

8/13/2017
My loan officer-Mr. Tom Calder and his assistant-Ms. Amy Golomb were simply amazing. I received a super deal and the process went very smoothly and very fast. If you are looking for a reverse mortgage, I very highly recommend that you call Tom. I promise that you will not be disappointed. He is a class act- a straight shooter and a stand -up guy. I called 50 companies and Mr. Calder along with Amy were awesome and was able to structure a super deal for me. I was not paid in any way, shape, or form for this review. I sincerely give you my word. Basilio Ravipinto.

P
Paulie R

12/10/2016
Paulie Rayford 268 Siena Vista Street Mobile, Alabama 36607 251-725-6863 sashadog007@comcast.net

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