consumer affairs reverse mortgage

Consumer Login. File a Customer Review. Programs & Services.. Finance of America Reverse, LLC Reverse Mortgage. This is a multi-location business. Find a location. 8023 east 63rd Place, Suite 700.

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A reverse mortgage works similar to a home equity loan in that a reverse mortgage requires that you use your home as collateral. You keep the title to your house when you take out a reverse.

A reverse mortgage can offer several attractive features to the right borrower, but interested parties should heed caution in situations where there is a non-borrowing spouse, writes ConsumerAffairs in an article this week. ConsumerAffairs, an advocacy organization that covers consumer news, recall information and thousands of consumer reviews, recapped the recent reverse mortgage non.

Reverse mortgage answers Are you considering or do you already have a reverse mortgage loan? Learn more about Home Equity Conversion Mortgages (HECMs), the most common type of reverse mortgage loan.

For Finance of America Reverse, that is exactly what happened. Consumers spend an average of 10 minutes reading our online reviews on ConsumerAffairs. A reverse mortgage is a serious decision for seniors, and they deserve a transparent look at our process, the challenges, and how we treat our customers. 3. customer engagement is a must.

Reverse mortgages are a versatile financial tool that nearly a million homeowners have used to age-in-place, and for other reasons. And the risks for seniors are great. A June report by the Consumer Protection Bureau found that as of February 2012, approximately 54,000 reverse mortgage borrowers may lose their homes.

consumer protection agency, wants you to understand how reverse mortgages work, the types of reverse mortgages available, and how to get the best deal. In a "regular" mortgage, you make monthly payments to the lender. In a "reverse" mortgage, you receive money from the lender, and generally don’t have to pay it back

All Reverse Mortgage Company only does reverse mortgages, meaning the representatives are focused on and knowledgeable about them. Its commitment to customer care make it a stand-out in the reverse.

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Reverse Mortgage complaints show consumers confused By Loan Terms 2.9.15 5:02 PM EDT By Ashlee Kieler @akieler Getting The Details consumer financial protection bureau reverse mortgages rules