Consumer Alert:
Reverse Mortgages
Check If Company Is Licensed In Washington
June 29, 2011
Due to uncertainties associated with valuations in the housing market, some large well known lenders have stopped providing reverse mortgages.
If you are interested in a reverse mortgage be sure you carefully investigate any company you may do business with, beginning with whether it is authorized to do business in Washington.
DFI is happy to help you confirm proper licensing or regulation of any company.
Contact us at 1-877-RING DFI (1-877-746-4334) with questions or concerns.
More Information
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Reverse Mortgage Fact Sheet
Information from DFI about reverse mortgages. -
Reverse Mortgage Information (PDF)*
From AARP -
Reverse Mortgages: Are They for You?
From the Office of the Comptroller of the Currency
