You can check the company’s licensing map here for the latest updates on states RFS serves and those were the company is not yet licensed. RFS services are not yet available in all states. RFS’ parent company, Synergy One Lending, has an A+ rating with the Better Business Bureau and has been BBB-accredited since March 2015.
Retirement Funding Solutions offers several calculators on its web site to help prospective borrowers figure out how much money they might receive from a reverse-mortgage loan, how such a loan can affect the borrower’s long-term financial outlook, and how much money they might receive through an HECM for Purchase loan to buy a smaller house.īecause RFS is a division of an FHA-approved lender, the company is authorized to offer FHA Home Equity Conversion Mortgage loans these loans require prospective borrowers to meet with a counselor to fully explain the program and its requirements. We’d love to hear from you! Share your opinion by writing a review. Here’s our review of Retirement Funding Solutions. The company launched its HECM offerings in early 2015 as a division of mortgage-lender Synergy One. Retirement Funding Solutions (is a San Diego-based lender currently licensed to offer reverse mortgage loans in 39 states.
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For seniors who own their homes outright or have paid off most of their mortgage, a home equity conversion mortgage (HECM) or “ reverse mortgage,” can free up equity to pay for post-retirement expenses, including using the proceeds to purchase a downsized home or to buy into a retirement community. It’s no secret that most Americans don’t save enough to fully cover retirement expenses, but many of us have equity in our homes.