GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
These are commonly taken out by retirees who may need the cash to support their retirements.
This is a big financial decision that shouldnt be rushed.
This builds trust and reduces the stress of the loan process, he said.
A good lender will provide a detailed breakdown of all costs upfront and no hidden fees.
He urged anyone considering one not to be afraid to shop rates to find the best.
Beware of lenders who downplay the fees or seem reluctant to put everything in writing.
Every cost should be explained and justified.
A Proven Track Record and Reputation
Experience matters big time in finding a reverse mortgage lender.
A lender with a good reputation will give you more peace of mind.
The right lender isnt just a provider theyre a partner in helping you achieve financial security during retirement.
More From GOBankingRates
Share This Article:
