If you’re a homeowner in Chester County or Bucks County, Pennsylvania, and you’re looking for ways to fund your retirement, a reverse mortgage could be the solution you’re looking for.
A reverse mortgage is a type of loan that allows homeowners to access the equity in their home without having to sell it or make monthly payments. Instead, the loan is paid back when the homeowner passes away, sells the home, or moves out.
If you’re considering a reverse mortgage, it’s important to find a reputable lender who can guide you through the process and help you make the right decision for your financial situation. In this article, we’ll explore some of the top reverse mortgage lenders in Chester County and Bucks Counties, PA.
1. American Advisors Group (AAG)
AAG is one of the largest reverse mortgage lenders in the country and has an A+ rating with the Better Business Bureau. They offer a variety of loan options, including fixed-rate and adjustable-rate mortgages, and have a team of experienced loan officers who can help you navigate the process.
One of the benefits of working with AAG is their commitment to education. They offer a wealth of resources on their website, including a reverse mortgage calculator and a guide to the pros and cons of a reverse mortgage.
2. Liberty Reverse Mortgage
Liberty Reverse Mortgage is another top lender in Chester County and Bucks Counties, PA. They offer a range of loan options, including jumbo loans for high-value homes, and have a reputation for excellent customer service.
One of the unique features of Liberty Reverse Mortgage is their “EquityIQ” program, which allows homeowners to access more of their home’s equity than traditional reverse mortgages. This can be a great option for homeowners who need more funds to cover their living expenses.
3. Finance of America Reverse (FAR)
FAR is a top-rated reverse mortgage lender that offers a range of loan options, including fixed-rate, adjustable-rate, and jumbo loans. They have an A+ rating with the Better Business Bureau and are committed to providing excellent customer service.
One of the benefits of working with FAR is their “HomeSafe” program, which allows homeowners to access up to $4 million in equity. This can be a great option for homeowners with high-value homes who need more funds to cover their retirement expenses.
4. Reverse Mortgage Funding LLC
Reverse Mortgage Funding LLC is a top-rated lender with an A+ rating from the Better Business Bureau. They offer a variety of loan options, including fixed-rate and adjustable-rate mortgages, and have a team of experienced loan officers who can help you navigate the process.
One of the benefits of working with Reverse Mortgage Funding LLC is their commitment to transparency. They provide detailed information about their loan options and fees on their website, so you can make an informed decision about whether a reverse mortgage is right for you.
5. One Reverse Mortgage LLC
One Reverse Mortgage LLC is a top-rated lender with an A+ rating from the Better Business Bureau. They offer a variety of loan options, including fixed-rate, adjustable-rate, and jumbo loans, and have a team of experienced loan officers who can help you navigate the process.
One of the benefits of working with One Reverse Mortgage LLC is their commitment to customer service. They provide personalized support throughout the loan process and have a 24/7 customer service line to answer any questions you may have.
Conclusion
If you’re a homeowner in Chester County or Bucks Counties, PA, and you’re considering a reverse mortgage, there are many reputable lenders to choose from. Whether you’re looking for a fixed-rate mortgage, an adjustable-rate mortgage, or a jumbo loan, these lenders can help you access the equity in your home and fund your retirement.
Before making a decision, it’s important to do your research and compare loan options and fees. By working with a reputable lender and understanding the terms of your loan, you can make a smart financial decision and enjoy a more comfortable retirement.