Live Well Reverse Mortgage

The company offered government insured home equity conversion mortgage loans hecm commonly known as reverse mortgages fha single family mortgage loans and fannie mae conforming loans lwf is headquartered in richmond virginia and has 3.

Live well reverse mortgage.

On thursday may 2 however live well s employees. According to data from april the last full month that live well was in operation the company had placed number 7 on reverse market insight s list of the top 100 reverse mortgage lenders for the month though the company only originated just over half the amount of loans it did compared with the same point in 2018 350 versus 605. Rather than paying in hard cash homeowners borrow money from banks and agree to pay back through a predetermined set of payments with interest. Single purpose reverse mortgages are the least expensive option.

Livewell delivers financial information tips and guides to help you with your financial portfolio investments mortgage and even personal budgeting. Delivering the best financial know hows. Lwf was a privately owned mortgage originator servicer and investor licensed in the united states to operate in 46 states. Live well financial the once prominent reverse mortgage lender that shut down abruptly may 3 has already been sued for allegedly failing to pay employees and now it may be in even deeper.

Live well financial was among the top reverse mortgage companies by volume before closing suddenly in may 2019. Live well financial is a good reverse mortgage lending option in all fifty states and as they also offer other types of loans they can also comprehensively advise borrowers on the best option for their needs. Many live well staff and some of the company s operations ultimately moved to another reverse mortgage lender called open mortgage. They re offered by some state and local government agencies as well as non profit organizations but they re not available.

A mortgage is a legal agreement that gives homeowners conditional rights of ownership to a property. Live well financial inc. Our easy to read content is contributed not only by our team of in house financial experts and experienced writers but also several freelance writers.