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Avoid Reverse Mortgage Scams: What You Should Know About Lenders

Rodney Monroe
September 11, 2009
Don't be taken in by shady reverse mortgage scam artist that promise the world. Below is a list of things that every senior should know about Reverse Mortgage Lenders to avoid being taken advantage of.



  • Does the lender have a solid financial standing?


  • What is the lenders reputation?


  • How longs has the lender been offering reverse mortgages?


  • Does the lender service their own loans?


  • What options does the lender offer to access your money after closing?


  • Does the lender have a local presence?


  • How do they plan to educate you, explain the application documents and close the loan?


  • Are they willing to meet with you at your home or facilitate the transaction over the phone?


  • Does the lender encourage other family members to participate in these discussions?


  • Does the loan officer specialize in reverse mortgages?


  • What consumer educational opportunities does the lender offer?


  • Does the lender have other financial options, products or services that could meet your needs over time?




Learn more about reverse mortgage lenders at How Do Reverse Mortgages Work

Are you looking for an, experienced and professional Wells Fargo Reverse Mortgage Specialist? Call 1-877-311-7383 NOW, or start an online application with Wells Fargo today.
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Rodney Monroe

Rodney Monroe is a Reverse Mortgage Specialist with the nations leading originator of reverse mortgages.

For Reverse Mortgage Information contact him toll-free at 1-877-311-7383.