The Value of Reverse Mortgages
Reverse mortgages can be a beneficial financial product for many seniors, providing them with additional income during retirement. However, a national consumer advocacy group has recently issued a warning for borrowers to proceed with caution when dealing with reverse mortgage lenders. Many are not receiving the full truth about these loans.
Consumer Advocacy Group Findings
As highlighted by the California Association of Realtors and Mortgage Advocates, a recent study found that the complexity of reverse mortgages often leaves older adults confused about the true terms of the loans. The big national lenders may prioritize their bottom line over the well-being of seniors, which can lead to misunderstandings about the product.
Our Commitment at Indigo Mortgage
At Indigo Mortgage, we have been offering reverse mortgages for years. Our commitment to our borrowers sets us apart. We promise to sit down with you face-to-face to thoroughly educate you about the reverse mortgage process.
What You Can Expect
- No Pressure Sales: We will never try to sell you the program or put any pressure on you to proceed with the loan.
- Comprehensive Explanation: We will explain the program as many times as necessary, ensuring you fully understand all aspects of the reverse mortgage.
- Empowering Choices: Our goal is to help you make an informed decision about whether a reverse mortgage is right for you.
Additional Resources
For more information about reverse mortgages, you can check out the National Reverse Mortgage Lenders Association or read our blogs on Understanding Reverse Mortgages.
Get in Touch
If you’re considering a reverse mortgage, don’t hesitate to call Indigo Mortgage today. We’re here to help you navigate your options with confidence!