Author Archives

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...
Read Full Article

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...
Read Full Article

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...
Read Full Article

Reverse Mortgage Income Requirements in 2025

September 1, 2025 50 comments

Understanding Reverse Mortgage Income Requirements Welcome to our 2025 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...
Read Full Article

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...
Read Full Article

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...
Read Full Article

Banks That Offer Reverse Mortgages in 2025 | Compare Rates & Reviews

August 11, 2025 no comments

In 2025, only a small number of regional and specialty banks offer reverse mortgages, including University Bank, The Federal Savings Bank, and Magnolia Bank. Most large banks left the market years ago, so many borrowers choose specialized non-bank lenders for better rates and service. [arlo_toc] Do Banks Offer Reverse Mortgages in 2025? While large national banks like Wells Fargo,...
Read Full Article

ARLO™ HELOC: The Alternative to a Reverse Mortgage

August 1, 2025 no comments

As interest rates remain high, many homeowners nearing or in retirement are seeking ways to access their home equity without refinancing their historic low-rate mortgages. That’s where a Home Equity Line of Credit (HELOC) for seniors & retirees can be a smart solution. This modern HELOC offers fast access to funds, flexible repayment, and a fully online application process designed...
Read Full Article

HECM Explained: 2026 Home Equity Conversion Mortgage Requirements, Limits & Benefits

July 13, 2025 12 comments

All Reverse Mortgage has specialized in the HECM program for more than twenty years. As a HUD-approved direct lender, we originate HECM loans under the same federal rules described in this guide, and we believe homeowners deserve clear, factual guidance from a knowledgeable source. That has always shaped the way we explain the reverse mortgage program, starting with our first...
Read Full Article

The Realtor’s Guide to Reverse Mortgages for Home Purchase

April 15, 2025 2 comments

[arlo_toc] Why Realtors Should Understand Reverse Mortgages for Home Purchase The HECM for Purchase program (Home Equity Conversion Mortgage) is an FHA-insured loan that allows homebuyers aged 62 and older to purchase a new primary residence with no monthly mortgage payments. This benefits your senior buyers, helps your sellers move their listings, and ultimately helps you close more transactions. Yet...
Read Full Article

« Older Entries

Newer Entries »