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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

Learn how the CFPB can help you

I was told I had to buy an annuity or an investment product to get a HECM reverse mortgage. Is this true?

No. No one can require you to buy a financial product to qualify for a HECM reverse mortgage. If a lender or broker tells you that you have to buy something (such as an annuity) to get a HECM reverse mortgage, this is probably a scam.

If you have a problem, submit a complaint online with the CFPB or call (855) 411-CFPB (2372).

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The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.

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