Beware of Reverse Mortgage Scams in West Covina: What Seniors Need to Know

Reverse Mortgage West Covina CA | Kevin A. Guttman CRMP | Certified Reverse Mortgage Professional

For many senior homeowners in West Covina, a reverse mortgage can be a powerful financial tool—offering the ability to access home equity without monthly mortgage payments. But as the popularity of reverse mortgages grows, so does the number of misleading offers and aggressive lenders trying to capitalize on older homeowners.
If you’re considering a reverse mortgage in West Covina, it’s essential to understand the risks, red flags, and how to protect yourself with the help of a Certified Reverse Mortgage Professional (CRMP).

Unfortunately, not all lenders are upfront. Two of the most common tricks you may encounter include:

Some lenders promote ultra-low rates that sound too good to be true—and they are. These teaser rates are often used to lure you in, only to change dramatically before closing. The fine print reveals the truth too late, and by then, you’ve already invested your time and trust.

Another shady tactic is to inflate your home’s value in early conversations. This gives you the illusion that you’ll qualify for more funds. But after a real appraisal is completed, the numbers come in lower, and the lender shifts blame—leaving you confused and disappointed.
These tactics can cost seniors in West Covina thousands of dollars and lead to decisions that don’t support their long-term financial stability.

Many large lenders are focused on sales volume, not personalized advice. Call centers and online quote forms often prioritize lead generation over ethics. Seniors are targeted through mailers, ads, and phone calls—often without clear explanations or real support.
That’s why choosing the right professional is crucial when making this life-changing financial decision.

Kevin A. Guttman is not just another mortgage professional. He is one of fewer than 220 Certified Reverse Mortgage Professionals (CRMPs) in the nation, certified by the National Reverse Mortgage Lenders Association (NRMLA).

This certification means Kevin:

• Follows a strict code of ethics
• Has completed extensive education and testing
• Specializes exclusively in reverse mortgages for seniors
• Provides honest, one-on-one support

Unlike big lenders, Kevin is a reverse mortgage broker—he works with multiple lenders and compares offers on your behalf to find the right fit for your goals.

West Covina, located in the San Gabriel Valley, has seen steady growth in home values over the past decade. For seniors who’ve owned their home for many years, this equity can be a valuable source of retirement income.
With rising living costs in Los Angeles County, including property taxes, healthcare, and utilities, many seniors are looking for safe ways to supplement their income. A reverse mortgage allows you to stay in your home, access tax-free funds, and remove the burden of a monthly mortgage payment—all while retaining ownership.

Before you speak with a lender, get an honest estimate of your home’s value. Use reliable sites like Realtor.com or Homes.com. These platforms provide real market data without harvesting your information for lead reselling.
Avoid relying on inflated estimates from sites like Zillow or Redfin, which may not reflect true neighborhood comps and can mislead your financial expectations.

With decades of experience in mortgage lending, Kevin offers patient, pressure-free advice. His goal is to educate first, so you feel empowered to make the right choice. From your first call to closing, you’ll receive honest guidance and complete transparency.
Whether you’re still exploring your options or ready to move forward, Kevin is here to make the process smooth, safe, and tailored to your needs.

🔹 Take the Home Equity Quiz – See if a reverse mortgage is right for you
🔹 Reverse Mortgage Self-Assessment – Discover if it fits your financial goals
🔹 Contact Kevin – Schedule a free, one-on-one consultation with a CRMP who puts your interests first
📞 Call today (719) 302-5820 or visit ReverseMortgageRevolution.com to schedule your free consultation and take the first step toward financial peace of mind—right here in West Covina.