Top 10 Reverse Mortgage Lenders
1. Bank Of America – Bank of America is one of the top reverse mortgage lenders. More than seven thousand of these mortgages were completed in 2010 with this lender, making it one of the leaders in this sector.
2. Genworth Financial Home Equity – Genworth offers few reverse mortgage disadvantages and plenty of benefits, and this lender was responsible for more than one thousand reverse mortgages in the last twelve month period.
3. Guardian First Funding Group – As one of the smaller reverse mortgage lenders Guardian is still in the top ten because of the volume. This funding group provided more than seven hundred and fifty of these mortgages in the last year.
4. Wells Fargo Bank – Wells Fargo was considered the number one lender and also offers reverse mortgage requirements that are clear and easy to meet in most cases. This bank provided more than sixteen thousand reverse mortgages in 2010.
5. MetLife Bank – MetLife is one of the best known reverse mortgage lenders, and this company is a top presence in this sector. This lender helped almost four thousand people obtain this type of mortgage in 2010.
6. Generation Mortgage Company – Generation is not only a top ten reverse home mortgage lender, this company falls in the top five and provided more than thirteen hundred of these mortgages last year alone.
7. Financial Freedom Acquisitions – While Financial Freedom Acquisitions may not be the number one lender in this area it definitely reaches the top ten. More than eleven hundred of these mortgages were completed in 2010 by this lender.
8. One Reverse Mortgage LLC – Out of all the reverse mortgage lenders, One Reverse Mortgage has been ranked number four, and the lender has made more than three thousand of these loans available in the last year.
9. Urban Financial Group – With the mortgage rate predictions uncertain, many individuals have chosen Urban Financial for their reverse mortgage needs. This lender has helped almost thirteen hundred people unlock the equity in their home in 2010.
10. 1st AAA Reverse Mortgage – One of the reverse mortgage lenders who approved more than one thousand of these mortgage loans last year is 1st AAA Reverse Mortgage. That makes this company a top ten.
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