Close Menu

ARLO™

Basics

Calculators

Loan Tools

Compare Programs

Compare Lenders

ARLO™ Blogs

Discover the Downsides of Reverse Mortgages

Get Your Instant Quote with Expert ARLO™ Insights
ARLO

ARLO™

Reverse Mortgage Calculator
Loading...
(may take up to 15 seconds)
|
|
|
|

In your current area 100 homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 500,000 nationwide!

The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
‹ Back

Great! It looks like your home value estimate is about

If you feel this estimate is not correct you can manually change it below. If you have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!

Please provide your estimated home value

If you presently have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!
(Our calculations use estimated property values provided by Estated.com. An independent HUD-approved appraiser must complete an appraisal to finalize your loan)
‹ Back

The minimum qualifying age for a reverse mortgage is 55

Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.
Your Age
Spouse Age
‹ Back

Great News! Your ARLO™ analysis is ready

Your personalized results include the best of 2024's reverse mortgages
  • Side-by-side loan comparisons
  • Real-time interest rates
  • ARLO™ advice to help you select the right program
BBB A+ logo 2021 BBB Torch Award Finalist
We maintain an A+ exemplary rating by the Better Business Bureau with a perfect 5-Star customer review.
(Needed to validate request)
By using ARLO™ Calculator and clicking on the “View ARLO Analysis Now” button above, you consent, acknowledge, and agree to the following: Our Terms of Use Agreement, Privacy Policy and to receive important notices and other communications. I consent to being contacted by All Reverse Mortgage® and its partners for marketing purposes at any phone number or email I provide, including through the use of automated technology and prerecorded messages. I represent that I am the regular user of the phone number I provided and provide consent on behalf of all users of that phone number. I also understand consent is not required for purchase and I may opt-out from receiving communications at any time.
‹ Back
Your FREE Report Includes:
  • Real Time Analysis  (Next Step)
  • Analysis Via Email
Example ARLO Quote
From America's #1 Rated Reverse Mortgage Lender


Author Archives

10 Alleged Downsides of Reverse Mortgages Dispelled

    15 comments
Reverse mortgages are often surrounded by myths and misconceptions, leading many to shy away from what could be a beneficial financial tool in retirement.  I will dispel common misunderstandings in this article by addressing ten widespread but inaccurate beliefs about reverse mortgages. [arlo_toc] 10 False Claims on Reverse Mortgage "Downsides" Claim #1. Reverse Mortgages Have Growing Interest and Fees Although...
Read Full Article

Using a Reverse Mortgage Purchase for New Construction

    22 comments
Can a contractor build a new home for you and finance it with a reverse mortgage upon completion?  Thank you -Bob The short answer to your question is, yes, you can.  As a matter of fact, HUD has just made changes to the program effective in 2024 and made financing reverse mortgage purchases and new construction easier than ever...
Read Full Article

2024 Reverse Mortgage Age Requirements

    14 comments
Reverse mortgages stand out as a powerful tool for individuals age 62 and older, allowing them to tap into their home equity without the need for ongoing mortgage payments.  At the forefront of these options is the Home Equity Conversion Mortgage (HECM), a program insured by the Department of Housing and Urban Development (HUD) offering a secure way for seniors...
Read Full Article

Appraisers Use the Sales Comparison Approach (Not Zillow etc.)

    2 comments
Here is where Appraisals are not updated and correct. Zillow and others use sales per sq ft for cookie-cutter homes. They omit custom built homes in comparable homes because of lack of construction knowledge and insurance coverage? Costs of replacement coverage and appraisals would place a 5000 sq ft total home cost at $800,000-min w/o lot? Go Figure how you...
Read Full Article

6 Questions to Ask Your Reverse Mortgage Loan Officer

    4 comments
You've made the decision to pursue a reverse mortgage, and now you're meeting with a loan officer for the first time.  Though you may understand the basics of a reverse mortgage, there are certain questions you may want to bring with you for your first meeting to clarify some of the details that could potentially catch you off guard down...
Read Full Article

Credit Requirements for a Reverse Mortgage in 2024

    62 comments
An important part of qualifying for a reverse mortgage is evaluating a borrower’s credit history.  This article explains the credit qualifications necessary for a reverse mortgage in 2024, highlighting key factors such as payment history, satisfactory credit, and additional considerations that underwriters will evaluate in the loan approval process. [arlo_toc] How will my credit history be examined...
Read Full Article

How Reverse Mortgage Appraisal Laws & Appeals Work

    6 comments
One thing you should know if you are contemplating a reverse mortgage is that your home will have to undergo an appraisal by an FHA-approved appraiser. This will be a very extensive appraisal in which the appraiser should inspect your entire property, do a head and shoulders inspection of the attic (pop their head up and look around), measure the...
Read Full Article

Reverse Mortgage Pros and Cons: Starting with the Downsides!

    10 comments
When used correctly, a reverse mortgage, also known as the Home Equity Conversion Mortgage (HECM), can add stability to your retirement years.  However, as with any financial product, it is not always the best program for everyone. We published this pros and cons guide to help you make an informed decision about reverse mortgages and determine if this program suits your long-term...
Read Full Article

Understanding Reverse Mortgage Qualifications (Updated 2024)

    9 comments
You may be interested in applying for a reverse mortgage, but like any loan, there are specific qualifications you must meet.  And because the Federal Housing Administration insures most reverse mortgages, many aspects of your finances and home condition need to meet government standards for this to happen. Some more apparent reasons someone may not qualify for a reverse mortgage are...
Read Full Article


Call Us Calculator BBB Instagram Facebook Android App iOS App
©2024 All Reverse Mortgage, Inc. All Rights Reserved
About Us State Licensing NMLS #13999 HUD Lender #26031-0007 Privacy Policy