3 Popular Reverse Mortgage Lenders For 2023

Reverse mortgages can be a great way for seniors to access the equity in their homes and supplement their retirement income. However, it's important to choose a reputable lender who can offer competitive rates and terms. In this article, we'll take a look at the five best reverse mortgage lenders for 2023, based on factors such as interest rates, fees, and customer service. We'll also provide tips on how to choose the right reverse mortgage lender for your needs.

5 Best Reverse Mortgage Lenders For 2023

Are you considering a reverse mortgage to help you access the equity in your home? With so many lenders offering reverse mortgages, it can be challenging to know where to start. To help you make an informed decision, we've compiled a list of the five best reverse mortgage lenders for 2023. These lenders offer competitive rates, flexible terms, and excellent customer service.

1. American Advisors Group

American Advisors Group (AAG) is one of the largest reverse mortgage lenders in the United States. They offer a variety of reverse mortgage products, including the Home Equity Conversion Mortgage (HECM) and the proprietary AAG Advantage Reverse Mortgage. AAG is known for its competitive rates and excellent customer service. They also offer a variety of educational resources to help you understand the reverse mortgage process.

2. Finance of America Reverse

Finance of America Reverse (FAR) is another leading reverse mortgage lender. They offer a wide range of reverse mortgage products, including the HECM, the proprietary FAR Jumbo Reverse Mortgage, and the FAR Advantage Reverse Mortgage. FAR is known for its flexible terms and excellent customer service. They also offer a variety of educational resources to help you understand the reverse mortgage process.

3. One Reverse Mortgage

One Reverse Mortgage (ORM) is a relatively new reverse mortgage lender, but they have quickly become one of the most popular. They offer a variety of reverse mortgage products, including the HECM, the proprietary ORM Select Reverse Mortgage, and the ORM Advantage Reverse Mortgage. ORM is known for its low rates and excellent customer service. They also offer a variety of educational resources to help you understand the reverse mortgage process.

Conclusion

In conclusion, when considering a reverse mortgage, it is crucial to thoroughly research and compare multiple lenders to find the one that best suits your financial needs and circumstances. The lenders mentioned in this article offer competitive rates, flexible terms, and valuable features, making them reputable options for those seeking a reverse mortgage. However, it is essential to consult with a financial advisor or housing counselor to ensure that a reverse mortgage is the right financial decision for you.