Reverse Mortgage Advisors of America Review

#5 in Reverse Mortgages

Reverse Mortgage Advisors of America is a company that offers Reverse Mortgage services to clients nationwide. They have been accredited by the Better Business Bureau and have been approved by Equal Housing Opportunity.

Services and Features

Reverse Mortgage Advisors of America offers Home Equity Conversion Mortgage program that is specially designed for seniors. It has been ensured by the Federal Housing Authority and was designed to help clients with their retirement planning. Their program also allows customers to experience security and freedom and turns their home equity into tax-free income payments.

There are a variety of benefits that clients can get from Reverse Mortgage Advisors of America. Aside from eliminating their monthly mortgage payments, customers can also plan ahead of emergencies and let their credit line grow over time.

Three options are offered to consumers for RMA’s Reverse Mortgage. They provide HECM Line of Credit, HECM Fixed, and HECM for Purchase. HECM Line of Credit allows clients to get their desired amount of cash at closing and have on-going access to supplementary money. HECM Fixed enables customers to receive their money in one lump sum and low fixed rate that does not change throughout their loan period. Reverse Mortgage Advisors of America’s HECM for Purchase let consumers finance the payment of a home without monthly payments. In this way, clients can find a home that they desire and meets their needs.

Safeguards are included in each HEACM loan to help protect policy holders and their home. Some of the safeguards that the company provides are Non-Recourse loan, Independent counselling from HUD, capped interest rates, and fee limitations which is regulated by HUD.

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

At least 62 years of age

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

No Monthly Servicing

Interest Rate

Capped Interest Rates

Closing Cost and Fees

Not Stated

Help and Support

Mobile App

Telephone Support

Webinars

Email

FAQs

Reverse Mortgage at Reverse Mortgage Advisors of America

Reverse Mortgage Advisors of America is a good choice because it provides clients with a variety of reverse mortgage programs that can be tailored to individual needs. Another reason for considering RMA is because loans come with safeguards that ensure all transactions are compliant with HUD regulations.

Latest Reviews

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R
Ronald Engel
Reverse Mortgage Advisors of America review
9/27/2016
RMA Sean Obrian provided excellent service. He was knowledgable and responded quickly. We only had one small problem and that was rectified after closing.