Reverse Mortgage Educator Review

#8 in Reverse Mortgages

Reverse Mortgage Educator is a mortgage lender that focuses in providing reverse mortgage and HECM loans to senior Americans age 62 and older. It is a company dedicated in helping consumers make more informed decisions. Reverse Mortgage Educator offers helpful resources and provides information on the different reverse mortgage solutions available for senior homeowners. It is rated A+ by the BBB and a member of the National Reverse Mortgage Lenders Association.

Services and Features

Reverse Mortgage Educator is a reverse mortgage lender that offer individually designed loans for senior homeowners age 62 and beyond. It helps seniors decide the best reverse mortgage options available for their unique situation. Clients could quickly get access to help resources which include retirement tips, articles on senior living, industry updates, and facts about reverse mortgage.  

Reverse mortgage can be used for a variety of purposes such as fund disbursements, Social Security and Medicare benefits. It does not require monthly payment borrowers could retain the title of their home and gain protection through federally-backed insurance in case their home’s value drops below the loan balance.

FHA has established some regulations and guidelines to act as a protection for borrowers. These guidelines cover requirements for borrowers to be qualified with their reverse mortgage loan. To be eligible, consumers must have their own home, a substantial amount of equity, living in the home as a primary residence, and be 62 years of age or older.

After obtaining a reverse mortgage loan, consumers are still responsible for sustaining all loan terms, and prioritizing loan funds. Consumers must also be persistent in paying homeowners insurance, association fees, basic home maintenance, and property taxes.

As a customer qualifies and continues to conform with all loan obligations, the loan itself provides additional benefits for them to enjoy. Borrowers are not bound to owe more than the amount their home sells for even if the amount of loan debt surpasses it. In addition, no assets other that the home can be taken to pay back the reverse mortgage loan.

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

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

No Monthly Servicing

Interest Rate

Not Stated

Closing Cost and Fees

Help and Support

Mobile App

Telephone Support

Webinars

Email

FAQs

Reverse Mortgage at Reverse Mortgage Educator

Reverse Mortgage Educator is a great place to find help when searching for reverse mortgage services. Its team of experts assist seniors find the best reverse mortgage solution for their concerns. The company helps seniors make informed decisions by educating them during the reverse mortgage process.

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