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USAA is The American Legion's preferred provider of financial services. Offering a range of top-rated financial and insurance products and services. USAA welcomes honorably discharged U.S. military veterans, active-duty troops and qualified family members and descendants of those who have served. USAA contributes funds to American Legion programs when members join through a dedicated channel:
usaa.com/legion or by calling toll-free at 1-877-699-2654.

Financial Questions & Answers

Financial Questions & Answers

Question:

Do you recommend any reverse mortgage lenders? – C.D.

Answer:

For many, home equity is their biggest asset and a reverse mortgage can help them turn that equity into an income stream. While we can’t recommend a specific lender, what we can say is that you should compare multiple lenders. A disadvantage to reverse mortgages is that fees tend to be fairly high. The best course of action is to shop around and make apples-to-apples comparisons to determine what works best in your situation.