Why Shop For a Reverse Mortgage Here
The professor’s objective in developing the HECM reverse mortgage program was to provide features that are important to seniors but not available elsewhere in the market.
- A reliable and easy-to-use calculator enabling seniors to determine how much they can draw on each HECM option or combination of options.
- Personalized guidance on using the calculator, and on determining whether a HECM will meet the senior’s needs, prior to contacting a lender.
- Price competition, enabling seniors to assure themselves that the interest rate and fees of the HECM option they select are among the best available in the market at the time.
- Protection against “lock abuse” – an unwarranted price increase after the senior is committed to the transaction.
- “Ombudsman support”, in the event that something goes wrong in the process of dealing with the lender.