All Reverse Mortgage, Inc. (ARLO™)

Here’s the Truth About Reverse Mortgages (No BS)

December 28, 2024     25 comments

A reader recently shared their skepticism about reverse mortgages, saying: "I've read a lot about reverse mortgages, and it seems they're more for the bank's benefit than yours.  They make it sound like they're helping, but in reality, you're giving away your home for a low price.  If you get a reverse mortgage and pass away soon after, your home could be lost, and your family won't be able to keep it, even with a will." We agree with one point: reverse mortgages aren't for everyone.  But it's important to... Read Full Article

Reverse Mortgages and Medicaid/SSI Benefits: Key Considerations for 2025

December 27, 2024     50 comments

Reverse mortgage proceeds can provide valuable financial support, but they may also influence your eligibility for Medicaid or Supplemental Security Income (SSI). Understanding these potential effects is essential for making informed decisions. If you’re 62 or older and considering a reverse mortgage to supplement your retirement income, it’s important to evaluate how this choice could impact your access to needs-based programs.  Careful planning can help you make the most of this financial tool while preserving your benefits. Understanding Means-Tested Benefits Means-tested benefits are based... Read Full Article

Non-Recourse Reverse Mortgage Protections Explained

December 27, 2024     29 comments

Understanding Non-Recourse Reverse Mortgages The Non-Recourse feature of reverse mortgages is often misunderstood by the general public.  It has even been the subject of a notable lawsuit between AARP and HUD over its interpretation and implementation. A Non-Recourse reverse mortgage means that borrowers can never owe more than their home’s value at the time the loan matures.  But what does this mean for consumers, and how does it protect them? Let’s explore an example of how this essential feature works. An Example of Non-Recourse Protection Imagine a 66-year-old homeowner... Read Full Article

How Reverse Mortgages Work: Explained in Simple Terms!

December 24, 2024     20 comments

Introduction to Reverse Mortgages Welcome to our guide on reverse mortgages!  In this article, we will explain reverse mortgages in simple terms.  Whether you are a homeowner thinking about your financial future, a family member helping someone understand their choices, or just curious about how reverse mortgages work, this guide is for you. We cover the basics – from who can get a reverse mortgage to how repayment works – to help you decide if a reverse mortgage is right for you. What is a Reverse Mortgage? A reverse... Read Full Article

Banks That Offer Reverse Mortgages in 2025

December 22, 2024     no comments

When considering a reverse mortgage, finding the right lender is crucial for making an informed decision.  While large national banks like Wells Fargo, Chase, and Bank of America are household names for traditional mortgages, they typically do not offer reverse mortgages.  Instead, they often refer inquiries to outside specialists. Smaller regional banks or specialized lenders are more likely to provide reverse mortgage services.  To ensure you get the best terms and support, comparing lenders and choosing one that focuses on reverse mortgages and understands your unique needs is essential. ... Read Full Article

2025 HECM Reverse Mortgage Limits Surge to $1,209,750

November 27, 2024     2 comments

Exciting News: HUD Increases Reverse Mortgage Lending Limits for 2025! It’s that time of year again when HUD reviews last year’s lending activity and sets new limits for the upcoming year.  We’re thrilled to announce another record-high lending limit for reverse mortgages in 2025. Starting January 1, 2025, HUD will increase the lending limit for the Home Equity Conversion Mortgage (HECM) program to $1,209,750—an increase of nearly $60,000 from last year’s limit.  Borrowers with case numbers assigned on or after January 1 can benefit from the new limit. Why is this great... Read Full Article

Reverse Mortgage vs. HELOC and Home Equity Loans: Easier Qualifications and More Flexibility

November 18, 2024     19 comments

As retirees seek ways to supplement their income or cover expenses, accessing the equity in their home can be a practical solution.  Two popular options for doing so are the Home Equity Line of Credit (HELOC) and the Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage.  While both allow homeowners to unlock the value of their property, they differ in terms of eligibility, repayment terms, and long-term impact on finances. In this article, we’ll explore the key differences between a HELOC and a reverse mortgage, helping you... Read Full Article

Reverse Mortgage Age Requirements: Choosing the Right Program for Your Needs

October 5, 2024     18 comments

Reverse mortgages offer older homeowners a way to access the equity in their homes without the burden of monthly mortgage payments.  The most popular option is the Home Equity Conversion Mortgage (HECM), insured by the Department of Housing and Urban Development (HUD).  This program provides a safe and reliable way for homeowners aged 62 and older to tap into their home equity. In addition to HECM, proprietary reverse mortgages are available, with some programs accepting borrowers as young as 55.  These private loans expand the options for homeowners who may... Read Full Article

Top 20 Best Reverse Mortgage Lenders of 2025: Reviews and Ratings

September 15, 2024     2 comments

When used wisely, a reverse mortgage can be a powerful tool for enhancing your retirement.  However, choosing the right reverse mortgage lender is key to ensuring long-term financial stability. In this guide, we’ll explain how HECM lenders are rated and how online reviews help paint a clearer picture of their reliability. To make your decision easier, we’ve compiled a list of the top 20 reverse mortgage companies across the nation, along with five essential tips for selecting the lender that’s right for you. 5 Essential Tips for Choosing the Right... Read Full Article

Are Reverse Mortgages a Scam? Here’s the Facts You Need to Know

September 8, 2024     30 comments

The reverse mortgage is a scam! I am a banker, and I see elderly customers getting deceived daily by these 'reverse mortgages.' They end up losing everything and put their heirs in jeopardy. -Tim As a mortgage banker with over 45 years of experience, I've worked with many major banks, mortgage companies, and insurance firms, handling a wide range of lending products. While some financial products can be less favorable or risky for borrowers, reverse mortgages are not a scam. The key to avoiding confusion and misinformation is education. Understanding... Read Full Article