Beware of Private Reverse Mortgage Lenders
Because Reverse Mortgages are growing so rapidly, some con men and scams have been introduced. We have noticed there is handful of copycat or reverse mortgage alternatives that don’t offer the protection of a goverment backed Reverse Mortgage.
Some of these loans may say they offer more equity, may say they allow lower aged individuals, but in reality you could potentially be risking your home and your financial security.
Make sure you choose to go with any non FHA or HUD program to have a lawyer or attorney review all mortgage documents.
Read more about the Government Programs, you can also call the free helpline at 1-888-823-6125.
