Reverse mortgages are a unique tool for senior homeowners age 62 and up. While they are not the best option for everyone, stricter regulations and more products mean that they are fast becoming a good option for many people in retirement.
If you are considering getting a reverse mortgage on your home to help you fund your retirement, it is important that you take the time to learn all the details of the process and the product. These details can be confusing and do change from time to time, so it is extremely important to consult a Reverse Mortgage Specialist.
Some Reverse Mortgage Specialists are focused solely on selling their product. Their goal is to sell as many reverse mortgages to as many retired seniors as possible with no concern for whether their clients’ best interest is being met. It is important to steer clear of such “specialists” and seek help from a professional who truly has your best interest at heart.
But where do you find a Reverse Mortgage Specialist who genuinely wants to help you find the best option for you? The best place to start looking for a Reverse Mortgage Specialist who will have your best interest at heart is an established and respected bank like FirstBank.
FirstBank is a 107-year old FDIC insured bank. It is a long-standing member of the Better Business Bureau where it holds an A+ rating. FristBank is also a subscribing member of the National Reverse Mortgage Lenders Association (NRMLA), and an approved direct lender with the US Department of Housing and Urban Development (HUD).
Many of the Reverse Mortgage Specialists at FirstBank are seniors themselves and are able to personally relate to the needs and desires of their clients. Many also hold reverse mortgages themselves or have family members who do, so you know they really do believe in their product.
FirstBank’s Reverse Mortgage Specialists go out of their way to make sure you are educated about all the details of what a reverse mortgage can do for you. They realistically weigh the pros and cons so you can be confident that if you do decide to get a reverse mortgage, it was truly the best decision for you.