(RMF) focuses solely on reverse mortgages to assist borrowers in purchasing/refinancing their home, paying off debt, and preparing for retirement. The company, founded in 2012, is based in New Jersey and serves all states except Hawaii and New York.
If you are nearing retirement, will help educate you on their different loans and match you with one of its many .
To see what others are saying about their experience, check out the below.
The company has its own called the Equity Elite. It comes with added benefits not found in traditional programs, such as:
If any of these added benefits appeal to you, consider reaching out to since it is the only that offers all of these specialty benefits.
When many companies in this industry struggle with staying in contact, being transparent, and updating you, doesn't.
The process is intimidating and often confusing to navigate since it is so different from a . is quick to respond, safe, and updates you throughout the process. If you are feeling nervous to enter a , then will be a great company to help educate and match you with the right .
only focuses on reverse mortgages, meaning that it understands the industry better than many of its competitors and can point you in the right direction. It offers various that other lenders do not have. Its current include:
If you are looking for specialty then is a great company to look into.
The eligibility requirements for are fairly standard in comparison to other ).To see if you are an eligible that would qualify, checkout the general requirement below:
The Equity Elite offers more flexible eligibility requirements for borrowers that do not meet the eligibility requirements above.
Unlike the FHA-backed HECM program, Equity Edge does not have protections in place for a non-borrowing spouse or other residents to stay in the home past the maturity event. Most would be able to pay the loan by selling the home, but if there is lots of depreciation in the home, there is a chance you will not be able to pay it back fully. If the non-borrower is unable to pay the loan in full when the borrower dies, he or she is evicted upon foreclosure.