Why Are People Negative About Reverse Mortgages?
The question is... what do the holders of reverse mortgages have to say about reverse mortgages? I asked ChatGPT today just how a potential reverse borrower could get unbiased information from actual reverse mortgage borrowers. Here’s what came up: Seek Out Customer Reviews and Testimonials Many reverse mortgage companies, such as American Advisors Group (AAG)/ Now FAR (Finance of America Reverse) and Longbridge Financial, feature testimonials from clients on their websites. Independent review platforms like Trustpilot, the Better Business Bureau (BBB), and Consumer Affairs provide a mix of positive and critical feedback from actual users. Join Online Forums and Social Media Groups Platforms like Reddit, AARP’s online forums, and Facebook have groups where reverse mortgage holders discuss their experiences. These forums offer real-life insights, allowing prospective borrowers to read unfiltered opinions and ask questions directly. Attend A Reverse Mortgage Counseling Se...