Source: Indigo Mortgage Blog

Indigo Mortgage Blog Reverse Mortgage Education

Most seniors have seen the ads on television, received the emails or the postcards in the mail. Advertisements for reverse mortgages are everywhere. At Indigo Mortgage, unlike large national lenders or big banks, we advise caution for seniors considering reverse mortgages. We know that there are many factors to take into account and many questions to ask before deciding if a reverse mortgage is right for you.Indigo mortgage cares about your mortgage. We never want our customers to enter into a loan that isn't right for them. It is important that seniors have the opportunity to ask as many questions as they need because reverse mortgages are so different from other types of mortgages. That's why when seniors approach us with questions about reverse mortgages, we take great care in making sure they know exactly what to expect. We even require our customers to go through a counseling session with an FHA approved reverse mortgage counselor. The counselor is not affiliated with Indigo Mortgage or any other lender, their goal is simply to educate.Our approach to reverse mortgages is very different from national lenders or online companies. When you work with Indigo Mortgage, your personal loan officer is local. We're here for you, available for a phone call or a face-to-face conversation whenever you need. In contrast, many large out-of-state lenders do not take time to answer questions directly, and often you are not able talk to the same person throughout the loan process. We encourage you to contact a local mortgage broker like Indigo Mortgage for more information about reverse mortgages.

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