Reverse Mortgage Solutions, Inc
Complaint 276565 Details

On 10/2/12 I borrowed 43 thousand with the promise that I would'nt have to worry about paying it back in my lifetime. Since day one, I had to pay out of my pocket to get my property appraised. Then I had to borrow 5 thousand to put in a heating system and repair and paint my garage before I was approved. Then I was required to shell out money to have my property fully insured, incluing windstorm insureance which they wanted the first year paid up front by me. Then on top ofmy 43 loan they added all their commission and whatever. Then I noiced that they are charging me a monthly Finance charge charge of $157.45 and now they are sending me some letter where I am required to give them personal information about me and who might live here with me. I am quite fed up with these people and I want to know if there is something I can do? I was never told that they were going to charge me monthly interest on the money. They advertize that we don't ever have to worry and that is a blaton lie. I will turn 70 years in February of 2014. They are making my life a nightmare.