Best Reverse Mortgage Companies

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The following companies are our partners in Reverse Mortgages: American Advisors Group, LendingTree, Reverse Mortgage Educator, All Reverse Mortgage, Reverse Mortgage Advisors of America, Finance of America Reverse, Retire Secure, Premier Reverse Mortgage, and TheReverseSurvey.com.

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Bell recommends that you use lenders who are members of the national reverse mortgage lenders association. "Our lenders have to follow a code of ethics for how they treat their customers. If a customer ever has an issue with a lender on our list, they can reach out to us and we can help resolve the dispute," he says.

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Reverse Mortgage Guide. A reverse mortgage is an increasingly popular consumer loan for senior homeowners age 62+. It allows these senior homeowners to tap into the home equity that has been built up. There are no monthly mortgage payments but homeowners are still responsible for paying property taxes, insurance, and maintenance.

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Single-purpose reverse mortgage lenders usually don’t charge origination fees and closing costs are minimal, which is good since most people take out single-purpose reverse mortgages out of.

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How We Rate Reverse Mortgage Lenders. We independently identify reverse mortgage companies. From there our editors review them in a myriad of ways from impartially secret shopping to checking consumer reviews to validating fees, types of products offered, and time to close amongst other criteria.