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Showing posts from April, 2012

Reverse Mortgage Options

With so many options out there for a reverse mortgage lender , how does one choose between one or another?  First of all, as with any major decision, it is a good idea to interview a few lenders and find the one that you are most comfortable with.  Research their credentials, read their testimonials and above all carefully listen and compare each reverse mortgage specialist paying close attention to what they know and what they say.  Make sure they are providing you with different options to meet your specific needs, as opposed to  steering you into a particular product.  Lastly, look for the security of working with a bank instead of a mortgage broker.  Working with a bank that is FDIC insured gives greater assurance that you will receive the best possible deal. For more information on reverse mortgages and to obtain your options from a FDIC bank, visit www.reversemortgagebenefit.com .