Financial Freedom was a nationwide originator of reverse mortgages. It ceased lending in March 2011, and blamed "the regulatory environment" for the change. At one time, Financial Freedom was a major lender in the HECM reverse mortgage market. It started originating and servicing reverse mortgage loans in the late 1980s. Today, it continues to service its loans as a subsidiary of OneWest Bank.
People who have reverse mortgage don't have a clue what they get themselves into. All they know is they don't have to pay back the loan. They took the money and spent every penny then wonder where the money went. Remember this is a loan. It has to be paid somehow.
Explanation of Financial Freedom Terms
bySue Citizen. | January 11, 2013
After the death of a relative we contacted Financial Freedom to explain their latest statement. After over 20 minutes on hold, a girl with a Philipino accent answered. She was sweet, however, her lack of knowledge and inability to answer questions was disappointing. We are sending request via certified mail and hope to get the needed clarification for probate and legal team.
byLaura Denonville. | November 13, 2012
My father passed away in June. The call center people at Financial Freedom are completely uneducated. They lied to me or just didn't know the procedure for the reverse mortgage. Do not trust them. I would advise against anyone seeking reserve mortgages to go with another company
bySusi Cooke. | August 14, 2011
Financial Freedom is not originating loans any longer but still doing anything in their power to obtain the property and assets of the vulnerable seniors they fraudulently sold their product to over the years.
no longer doing reverse at Financial Freedom Reverse
byfrank r. | March 23, 2011
Financial Freedom is no longer originating reverse mortgages. Don't use them for a reverse mortgage.
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