Looking for a company that handles reverse mortgages online is easy, just type in "reverse mortgages" in your search engine and the results that will come back to you are quite staggering. However, looking for a good reverse mortgage company online, such as Live Well Financial [http://www.livewellfinancial.com/partners/index.php?p=programs.htm].com is quite a challenge, and there are many pitfalls that you should avoid at all costs.
Here is a list of dos and don'ts that can help you both find a very good and reliable reverse mortgage company, and at the same time avoid those thieves and scammers just trolling around cyberspace, looking to make a quick buck. True, these are sound, basic advice, but you'd be surprised just how many people can forget these things in the face of a really good deal.
DO: Scout around and canvass
Like when buying a car or looking for a good school for your kids, you won't just get the first one that comes by. These are big decisions in life, and getting a reverse mortgage is also a big financial decision. You should look around the Internet, ask your local Better Business Bureau, or simply ask friends and family whether they can refer someone to you. Online, if a website has a lot of referrals and testimonials, like Live Well Financial, this can be a very good sign, however, it won't hurt to still be a little careful with whom you do business with.
DO: Get all the needed information first
You never charge into a war without a loaded gun, and so you should never get into a reverse mortgage contract before making sure that you know what you need and what you're getting into. Thieves and crooks will often use your ignorance to slip one over you, whether it is an unnecessary charge or consultation, so it's best to come prepared.
Livewellfinancial.com will not only give you the basic information that you need free on their website, but should you have any other questions, you can either contact their customer support team online, or get a free financial counseling session from them.
DON'T: Give away sensitive information on the Internet
There are two pitfalls that you have to avoid when giving out sensitive information on the Internet, such as complete name, addresses, SSS numbers, credit card numbers and the like. Reputable company would never ask those kinds of information online, as there are a lot of hackers and cyber thieves out there who are great at extracting this kind of information, even if the data is encrypted and secure. Also, companies that ask for this kinds of information can be quite dicey, because there are times when they are really just hackers looking to make a quick buck off your credit card number.
Livewellfinancial.com is a site that requires you to become on-premises when you get a reverse mortgage to give your sensitive information. This is to ensure a quick and secure transaction between you and the company.
DON'T: Sign anything that you don't understand completely
A lot of reverse mortgage companies employ a really old trick in the book. Use a lot of complicated jargon and terms to confuse the client, and then slip in a clause or two about very high fees, interest rates and other such things. Don't ever put your signature on a contract that has even one part that you don't understand, and always, always, always read the fine print.
Live Well Financial offers you a service that is direct-to-the-point and very easy to understand, so that you know what you're getting into, and what you're going to get.
Here is a list of dos and don'ts that can help you both find a very good and reliable reverse mortgage company, and at the same time avoid those thieves and scammers just trolling around cyberspace, looking to make a quick buck. True, these are sound, basic advice, but you'd be surprised just how many people can forget these things in the face of a really good deal.
DO: Scout around and canvass
Like when buying a car or looking for a good school for your kids, you won't just get the first one that comes by. These are big decisions in life, and getting a reverse mortgage is also a big financial decision. You should look around the Internet, ask your local Better Business Bureau, or simply ask friends and family whether they can refer someone to you. Online, if a website has a lot of referrals and testimonials, like Live Well Financial, this can be a very good sign, however, it won't hurt to still be a little careful with whom you do business with.
DO: Get all the needed information first
You never charge into a war without a loaded gun, and so you should never get into a reverse mortgage contract before making sure that you know what you need and what you're getting into. Thieves and crooks will often use your ignorance to slip one over you, whether it is an unnecessary charge or consultation, so it's best to come prepared.
Livewellfinancial.com will not only give you the basic information that you need free on their website, but should you have any other questions, you can either contact their customer support team online, or get a free financial counseling session from them.
DON'T: Give away sensitive information on the Internet
There are two pitfalls that you have to avoid when giving out sensitive information on the Internet, such as complete name, addresses, SSS numbers, credit card numbers and the like. Reputable company would never ask those kinds of information online, as there are a lot of hackers and cyber thieves out there who are great at extracting this kind of information, even if the data is encrypted and secure. Also, companies that ask for this kinds of information can be quite dicey, because there are times when they are really just hackers looking to make a quick buck off your credit card number.
Livewellfinancial.com is a site that requires you to become on-premises when you get a reverse mortgage to give your sensitive information. This is to ensure a quick and secure transaction between you and the company.
DON'T: Sign anything that you don't understand completely
A lot of reverse mortgage companies employ a really old trick in the book. Use a lot of complicated jargon and terms to confuse the client, and then slip in a clause or two about very high fees, interest rates and other such things. Don't ever put your signature on a contract that has even one part that you don't understand, and always, always, always read the fine print.
Live Well Financial offers you a service that is direct-to-the-point and very easy to understand, so that you know what you're getting into, and what you're going to get.
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