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Pros and Cons of a Reverse Mortgage in 2026 | Costs, Risks, Benefits Explained

September 20, 2025 15 comments

[arlo_toc] Reverse Mortgage Pros and Cons at a Glance Most homeowners who come to us want one thing: a clear, honest look at whether a reverse mortgage will strengthen their retirement or create risks they don’t need. Below you’ll find a quick summary of the most important pros and cons, including a side-by-side comparison table, followed by a deeper explanation...
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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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Reverse Mortgage Downsides Explained (2026) | 10 Common Claims Debunked

September 9, 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...
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Reverse Mortgage Definition and Glossary (A-Z)

September 1, 2025 75 comments

[arlo_toc] Reverse Mortgage (Definition) A reverse mortgage is a home loan for borrowers typically aged 62 and older that allows you to convert a portion of your home equity into tax-free cash without required monthly mortgage payments. You retain title and are responsible for continuing to pay property taxes and homeowner's insurance. Interest accrues and is added to your balance...
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Top 10 Reverse Mortgage Counseling Agencies (Free & Online Availability)

September 1, 2025 17 comments

HUD requires every homeowner considering a HECM to complete independent counseling before the loan process can begin. A HUD-approved counselor will explain how the program works, your responsibilities, and any alternatives so you can decide whether a reverse mortgage is the right fit. We provide a list of approved counseling agencies to help you get started. HUD identifies five national...
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Reverse Mortgage Occupancy Requirements Explained

September 1, 2025 76 comments

We live with my mother-in-law and were present throughout the process of her getting a reverse mortgage. The broker is fully aware that we live there with her, help keep up the property, and pay living expenses. He told us if she ever needed to go to a nursing home, if she was in the home at least once a...
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Reverse Mortgage Income Requirements in 2026

September 1, 2025 50 comments

Understanding Reverse Mortgage Income Requirements Welcome to our 2026 guide on reverse mortgage income requirements. This article explains the financial assessment underwriting guidelines, specifically the minimum residual income requirements established by HUD. These requirements play a crucial role in the lender’s application process, ensuring that you, as a borrower, can comfortably manage ongoing property-related expenses, such as property taxes, homeowners insurance, and...
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History of the Reverse Mortgage – 1969 to Present Day Facts

September 1, 2025 4 comments

[arlo_toc] [table id=652 /] Bringing it to the Senate Reverse mortgages have undergone many changes in their short 57-year lifespan (depending on who you ask). As the story goes, a small, local bank wrote the first reverse mortgage in 1961 to a woman in Portland, Maine. The bank owner wanted to help the wife of his high...
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3 Types of Reverse Mortgages Explained: Which One Is Right for You?

September 1, 2025 5 comments

If you're exploring ways to use your home's equity to improve your financial security in retirement, it's helpful to know that there are three main types of reverse mortgages, each designed for different needs. In this article, we'll explain: Home Equity Conversion Mortgages (HECM): The most popular, federally insured option. Proprietary Reverse Mortgages: Also known as "jumbo" reverse mortgages, these...
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