Financial Freedom enhances consumer education with launch of Reverse Mortgage Borrower Advocacy ProgramMortgagePress.comFinancial Freedom, IndyMac Bank, reverse mortgages, HECM, Reverse Mortgage Borrower Advocacy Program
Financial Freedom, a subsidiary of IndyMac Bank FSB, has
announced the launch of the Reverse Mortgage Borrower Advocacy
Program, a new educational initiative designed to help consumers
make the most informed reverse mortgage decision possible.
"We recognize that reverse mortgages can be complicated products
and as the industry has rapidly grown, seniors are confronted with
many more product, pricing and withdrawal options than ever," said
Michelle Minier, CEO of Financial Freedom. "Our goal has always
been to educate seniors so they can properly evaluate reverse
mortgages and now the Reverse Mortgage Borrower Advocacy Program
will provide a more comprehensive effort to educate seniors on the
increasingly complex decision making process of choosing solutions
to fund a secure retirement."
The program, which will include a wide range of educational
tools and materials, kicks off with two new videos, "Is a Reverse
Mortgage Right for You?" and "Uses for a Reverse Mortgage." The
videos can be viewed directly by clicking
here.
The videos go beyond explaining the fundamentals of reverse
mortgages to explore a range of topics seniors should consider when
evaluating their retirement funding options, including:
• Situations where a reverse mortgage may not be the best
solution; � Alternative options to a reverse
mortgage;
• Tips on how to identify trusted advisors to help seniors
make their decision;
• New case examples that illustrate the range of issues to
consider when evaluating reverse mortgages; and
• Products, such as annuities and other sophisticated
financial tools that may not be in the seniors best interest.
In addition to the videos, the Reverse Mortgage Borrower
Advocacy Program will offer a broad range of content and tools for
consumers in the coming months. This will include:
• Enhanced Web Tools: Consumers will have new tools to
better evaluate reverse mortgage products, withdrawal options, and
financial planning choices for retirement.
• Educational Content: Financial Freedom will introduce a
series of new consumer handbooks on reverse mortgages that cover
all aspects of evaluating reverse mortgages, along with all
possible fees associated, how to conserve proceeds and how to
further safeguard against predatory lending and pressure sales
practices.
For more information, visit www.financialfreedom.com.
