Reverse Mortgages Ratings
Reverse Mortgage Criteria
- Trustpilot Ratings. Trustpilot is considered reliable due to its open platform allowing a wide range of customer feedback, verification processes to confirm the authenticity of reviews, and a strong commitment to transparency.
- Accreditation and Authorization: We look at the states where each company is properly authorized to offer reverse mortgages. We also check for any accreditations from reputable industry organizations, which can indicate a commitment to ethical standards.
- Company accessibility. Good company accessibility is important for sufficiently servicing customers. Are they available 24/7? What channels (phone, email, online chat) are available for support? Are they responsive, informative, and willing to answer all your questions thoroughly? Good customer support is crucial in navigating the complexities of a reverse mortgage.
- Educational Resources. We check if the company provides comprehensive educational resources to help you understand the nuances of a reverse mortgage. Knowledgeable lenders often offer guides, calculators, and detailed FAQs.
- Loans Available. Some companies may offer a variety of reverse mortgage loans, such as Home Equity Conversion Mortgages (HECMs), proprietary reverse mortgages, and reverse mortgages for purchase. We look at the breadth of product types that a company offers to ensure it will be able to meet each customer’s individual needs.
- Financial Stability. We research the financial health of the company. A financially stable lender is more likely to offer reliable service throughout the life of your loan.
Company |
Reviews | Rating | Benefits | |
---|---|---|---|---|
American Senior | 4 Reviews | Great | 6.8/10 |
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Fairway | 2 Reviews | Average | 8.4/10 |
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Mutual of Omaha Reverse Mortgage | 393 Reviews | Excellent | 10/10 |
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Premier Reverse Mortgage | 10 Reviews | Excellent | 7.6/10 |
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Retirement Funding Solutions | No Reviews | 9.0/10 |
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Last updated: 1/30/24