Live Well Financial is a mortgage lender based in Richmond, Virginia, that offers reverse mortgages as one of its many services. Live Well Financial has been servicing reverse mortgages since 2005, and it is licensed to operate in all 50 states plus Washington D.C.

Unlike other lenders who specialize in reverse mortgages, Live Well Financial offers other kinds of loans, including conventional mortgages, wholesale lending, correspondent lending and FHA loans. It is also a mortgage servicer, which means that it handles the day-to-day tasks of managing loans for other banks. While this attests to this company’s experience in handling loans, it also means they don’t focus on reverse mortgages.

Live Well's website is far more sparse than those of other reverse mortgage lenders. Unlike most, this one does not have FAQs nor does it explain its programs. It offers a free guide that appears to contain some information, but there’s no way to download it. Especially glaring is the lack of detailed information about the pitfalls and other costs a reverse mortgages carries with it. There is no mention of the closing costs or other fees that are involved with a reverse mortgage from this lender.

The website does feature a couple of video testimonials from customers who report being happy with their experience. Reviews on an independent site, however, are mixed. The company seems to do extremely well overall or very bad as far as delays in finalizing the loan.

Live Well offers a free estimation tool to give you an idea of what you could expect from your reverse mortgage. This is one of the more bare-bones tools we saw. It does not give you even an estimate. Instead, it collects your contact information, saying that someone from Live Well will be in contact to follow up.

This company is a direct lender and claims its goal is to educate homeowners about the process so they can make the best decision. It offers other kinds of home loan products.

Live Well Financial is a mortgage service that offers a variety of reverse mortgage loans. Their site is rather bare bones and lacks much in the way of information about reverse mortgages, both about the benefits and the risks. Still, the company offers some interesting variations that may be worth the extra legwork required to learn about them.

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