All Reverse Mortgage, Inc. (ARLO®)

How Reverse Mortgages Work: Explained in Simple Terms!

March 19, 2025     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

Is a Reverse Mortgage a Good Idea? 4 Smart Reasons to Consider in 2025

March 5, 2025     27 comments

Thinking about your finances can feel overwhelming, but a reverse mortgage can provide financial relief and peace of mind when used wisely. It’s a loan designed to help homeowners aged 62 and older turn their home equity into cash—without selling or making monthly mortgage payments.  But is it a good idea for you? This guide explores four scenarios where a reverse mortgage makes sense and situations where it may not be the best choice. 4 Smart Reasons to Get a Reverse Mortgage 1.  You Need to Improve Cash Flow in... Read Full Article

Debunking the Top 10 Reverse Mortgage Downsides

February 23, 2025     17 comments

Reverse mortgages have long been surrounded by misconceptions, leading many to believe they come with significant downsides.  In reality, many of these concerns are based on myths.  In this guide, we will debunk the top 10 common claims about the downsides of reverse mortgages, providing you with the clarity you need. Whether you're exploring reverse mortgage options for yourself or assisting a loved one, understanding the facts behind these so-called 'downsides' will help you make a confident and informed decision. Claim #1: Reverse Mortgages Have Growing Interest and... Read Full Article

Reverse Mortgage Line of Credit & Growth Rate Explained

February 17, 2025     118 comments

Reverse Mortgage Line of Credit Today, the reverse mortgage line of credit continues to be the most popular option for homeowners to access their funds.  According to an article by AARP, borrowers recognized this choice about 66% of the time when obtaining a reverse mortgage as being the right choice for them. The credit line option allows borrowers a great deal of freedom when planning their finances.  Homeowners like the fact that they can take as much as they want when the loan originally closes up to the maximum allowed... Read Full Article

HomeSafe Second Reverse Mortgage: Access Equity Without Refinancing

February 6, 2025     10 comments

Unlock Your Home’s Equity Without Refinancing At All Reverse Mortgage, Inc. (ARLO™), we know that many homeowners want to access their home equity without losing their low-rate first mortgage. That’s why we offer HomeSafe Second—a reverse mortgage second lien that lets you tap into your home’s equity without monthly mortgage payments while keeping your first mortgage intact. What Is HomeSafe Second? HomeSafe Second is a proprietary reverse mortgage designed specifically for homeowners who: ✅ Have a low-interest first mortgage they want to keep ✅ Need extra... Read Full Article

Enhanced Platinum Jumbo Reverse Mortgage Program: A New Era in Reverse Mortgages

January 8, 2025     2 comments

The reverse mortgage market has evolved significantly, especially in the jumbo and proprietary reverse mortgage segment. Before the 2009/2010 market crash, several jumbo reverse mortgage programs were available, but they disappeared following the downturn. Over time, the market has made a cautious yet pivotal recovery, with innovative products like the Platinum Jumbo Reverse Mortgage leading the way. The Platinum Jumbo Reverse Mortgage Program The Platinum Jumbo Reverse Mortgage is a proprietary loan designed for borrowers with high-value properties. It offers much higher loan limits than the HUD Home Equity... Read Full Article

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

The non-recourse feature of reverse mortgages is a powerful safeguard, yet it’s often misunderstood. It’s even sparked debates—like the AARP lawsuit against HUD—over its scope. Simply put, a non-recourse reverse mortgage ensures you’ll never owe more than your home’s value when the loan matures. But how does this protect you and your heirs? Let’s break it down. How Non-Recourse Protection Works Picture this: A 66-year-old homeowner with a $500,000 home secures a $321,000 fixed-rate reverse mortgage. After 20 years of no payments, interest pushes the balance to $1,000,000. The... 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