Financial Freedom, a subsidiary of IndyMac Bank F.S.B. and the nation's largest lender of reverse mortgages, has launched 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,’ says 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 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 at
http://www.financialfreedom.com/consumersafeguards.aspx?id=imgbtn1.
According to Financial Freedom, 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, including enhanced Web tools and new consumer handbooks.
Source: Financial Freedom