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Once you've made the decision to use a reverse mortgage
to get the cash you need to enjoy your retirement,
you'll need to select a reverse mortgage lender.
Many seniors believe that all reverse mortgage lenders
are the same. They aren’t. You should consider
your lender's commitment to meeting your needs as
well as your cost to obtain the loan before choosing
a lender for your reverse mortgage.
Choosing the Lender That's Right for You
Unlike a traditional mortgage, reverse mortgage interest rates don't vary from
lender to lender. However, rates for a Home Equity Conversion Mortgage, the most
common
type of reverse mortgage, can change on a weekly basis. Origination fees and
servicing fees are the only loan costs that lenders can control.
When you work with an experienced lender, you can be confident that your lender
knows how to handle the common issues related to processing reverse mortgages.
Experienced lenders can provide you with the loan analyses and comparisons
you'll need to make an informed decision about whether a reverse mortgage is
right for you. An experienced lender will also be able to assist you in the
event that there is a problem with your loan application.
American Senior Funding's team of experienced loan officers specializes
in helping seniors use reverse mortgages to meet their financial goals. As
a member of the National Reverse Mortgage Lenders Association and the Better
Business Bureau, American Senior Funding is committed to responsible lending
practices and top-notch customer service. We pride ourselves on providing courteous
and respectful service without high-pressure sales tactics.
To receive a free, no obligation evaluation, please fill in the form below.
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We will contact you to discuss a reverse mortgage with current interest rate information promptly. For your privacy, our form will open in a new window. Information submitted is encrypted. |