Author Archives

Reverse Mortgage Qualifications & Requirements (2025 Guide) – See If You Qualify

October 19, 2025     18 comments

If you're a homeowner age 62 or older and want access to a portion of your home equity without selling or taking on new required monthly payments, a reverse mortgage may be an option.  But you must meet HUD’s 2025 eligibility criteria for income, property, equity, and now citizenship status. This guide explains every qualification you need to know for...
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Best Reverse Mortgage Lenders of 2025 – Rates, Reviews & How to Choose

October 13, 2025     2 comments

Looking for the best reverse mortgage lender in 2025?  Whether you’re just starting to explore your options or comparing interest rates and closing costs, this guide breaks down the top reverse mortgage companies based on verified reviews, BBB ratings, complaint history, and lender transparency.  How We Chose the Best Reverse Mortgage Lenders in 2025 Choosing a reverse mortgage lender is...
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Return of Non-FHA Reverse Mortgages are Here!

October 4, 2025     32 comments

If you're in the market for a loan that can convert your home equity into cash flow or a line of credit in retirement, chances are you have explored the option of a reverse mortgage. However, the reverse mortgage is not a one-size-fits-all solution.  Many people are unaware that there are several products to choose from, including both Federal Housing Administration...
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Dave Ramsey Offering Bad Advice on Reverse Mortgages

October 1, 2025     14 comments

Does Dave Ramsey know much about reverse mortgages?  Dave does a hit piece on reverse mortgages, pointing out some of the less popular aspects of the loan.  However, he is either OK with exaggerating the truth or reveals his ignorance about how reverse mortgages work. [arlo_toc] Is Dave right about Reverse Mortgages? Firstly, let’s...
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How Government Shutdowns Affect Reverse Mortgages

September 29, 2025     2 comments

FHA & HECM Operations During a Federal Government Shutdown When the U.S. government shuts down because Congress hasn’t approved funding, many HUD and FHA offices run with limited staff and services.  For the Home Equity Conversion Mortgage (HECM) program, here’s what matters: What Stays Open Loan Servicing & Payments — If you already have a HECM, your monthly draws and...
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Reverse Mortgage Age Requirements: How Old to Qualify in 2025

September 27, 2025     22 comments

If you’re exploring a reverse mortgage, the first question is simple: how old do you need to be? Quick Answer:  For a federally insured Home Equity Conversion Mortgage (HECM), the most common reverse mortgage, you must be at least 62 years old when the loan closes.  That rule remains unchanged for 2025. Some private or "jumbo" reverse mortgages allow borrowers as...
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Reverse Mortgage Property Requirements – New for 2025

September 26, 2025     128 comments

I would like to know the exact reverse mortgage property requirements, such as central heating, water wells, septic systems, etc.  To hear these reverse mortgages advertised, one might get the impression that getting one is very simple.  However, after some preliminary inquiries, it's beginning to look like everything else involving the government can become incredibly complicated. Updated September 2025 with...
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Reverse Mortgage Pros and Cons – Compare Costs, Risks & Benefits in 2025

September 20, 2025     15 comments

A reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), allows homeowners aged 62 and older to convert their home equity into cash without making monthly mortgage payments.  It can be a powerful way to stay in your home and improve retirement security, but it’s not the right fit for everyone.  This guide breaks down the real pros...
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Shocking Truth About Condominiums and Reverse Mortgages

September 16, 2025     82 comments

Many senior borrowers eligible for reverse mortgages or about to become qualified and live in condominium projects have yet to learn of the surprises that may be waiting for them.  You may know neighbors who live in your project, currently have reverse mortgage financing, and have heard about how easy it was. Unfortunately, changes in condominiums and HUD programs in...
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5 Options When You Don’t Qualify for a Reverse Mortgage (2025 Guide)

September 15, 2025     2 comments

If you've applied for a reverse mortgage and found that you don't qualify—or the amount offered isn't enough to pay off your existing mortgage—you're not alone.  Many homeowners are surprised when changing interest rates or updated HUD limits reduce the proceeds they're eligible for. The good news?  Even if you don't qualify today, you still have options.  In this guide,...
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