Finding Brokers Online
One of the best things the internet can be used for is using it to your advantage when finding things online. It is important to do the proper research because there are many shady characters when it comes to mortgage brokers and lenders in general. So, making sure that you're aware of what you're reading is just as important as choosing the right broker. There are several things you can look for when searching online. Try to verify that the website that you are visiting is matched with a physical address. Is this business listed as a real business? Does it have an entry within the Better Business Bureau? Does the business have a physical address you are able to find on Google maps or even an online phone book? If so, this adds legitimacy as a real, professional business. After a while you may attempt to make your first call towards a broker or lender. There are a few signs that you can look for when on the phone with one of these brokers to see what their motives are. Do they sound like they are trying to sell something? Are they constantly trying to convince you of something? These two queues can be a sign of maliciousness and hidden intentions. Stay clear of these types of lenders. All you need to do is try to find someone who is giving it "straight-forward" and someone who makes sense when on the phone. At the end of the day, what does your judgement say? Always leave it up to your instincts if all else fails!
There are several websites you can find online to find lenders which may be important.
http://www.rpfunding.com/ RP Funding is a lending agency that provides direct mortgages. Because these mortgages are direct they bypass the middle man therefore giving you a better rounded mortgage rate on your loan. Reverse mortgage loans are just as valuable when it comes to searching things online. http://reversemortgagespace.com/hecm-calculator/ Use a HECM calculator to your advantage before getting a reverse mortgage so you can calculate your results easier before making any extreme actions.