6 comments
You've decided to pursue a reverse mortgage, and now you're meeting with a loan officer for the first time. Although you may understand the basics of a reverse mortgage, it's a good idea to bring certain questions to your first meeting to clarify any details that could potentially catch you off guard in the future. [arlo_toc] Here are 6... Read Full Article
28 comments
Because of health issues, I've moved my Mom in with me, and at some point, I will most likely have to move her to a nursing home. Her granddaughter lived there until a couple of weeks ago. She has wrecked the house. The monthly statement has the house at way more than I could ever sell the place for to... Read Full Article
66 comments
Updated: 9/17/2025 Qualifying for a reverse mortgage involves more than just your home’s equity—it also includes a review of your credit history. In 2025, lenders will focus on factors like payment history and satisfactory credit to determine eligibility. In this guide, we’ll walk you through the credit qualifications for a reverse mortgage, highlighting the criteria underwriters evaluate during the loan... Read Full Article
8 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 appraisal will be very extensive, involving an inspection of your entire property, a head and shoulders inspection of the attic (where the appraiser will pop their head up and look around), measurement of... Read Full Article
284 comments
It seems that one of the most popular questions we get is: What happens with my reverse mortgage and my home after death? When considering a reverse mortgage, an important question many borrowers and their heirs face is what happens to the reverse mortgage and the family home after the borrower's death. This concern is particularly significant given that reverse... Read Full Article
54 comments
We recently had several borrowers who had previously obtained a reverse mortgage call and asked us what the effect would be on those reverse mortgages if they had to begin a bankruptcy proceeding. While we are not attorneys and would always advise you to seek competent legal advice from an attorney in your state, we did want to contact an... Read Full Article
55 comments
A key development in the overhaul of HECM guidelines was the introduction of the LESA. This requirement is a response to past challenges where borrowers, after receiving a lump-sum equity payment, struggled to meet essential obligations such as homeowners insurance, property taxes, and home maintenance to FHA standards, leading to defaults. The LESA is designed to ensure that property charges... Read Full Article
8 comments
Like many of our readers who are navigating retirement, you might wonder if a reverse mortgage is right for you. You've likely seen your equity grow substantially, possibly even owning your home outright - a common scenario for many baby boomers. Your home, often your largest asset, may lead you to consider the option of a reverse mortgage. At All... Read Full Article
35 comments
With a Federal Housing Administration-insured Home Equity Conversion Mortgage (HECM), the borrower retains ownership of the property while continuing to live there throughout the loan. They are not required to make monthly mortgage payments during that time. Reverse mortgages are often misunderstood, and a common misperception is the idea that in a reverse mortgage, "the bank takes the home." On... Read Full Article
6 comments
Before you decide if a reverse mortgage fits your needs, it's smart to look at how the loan could grow and how your home equity might change over time. One of the best tools for this is the reverse mortgage amortization schedule. This schedule shows a year-by-year estimate of your loan balance. This interest will be added, any available credit... Read Full Article
This material has not been reviewed, approved, or issued by HUD, FHA, or any government agency. All Reverse Mortgage, Inc. is an independent company and is not affiliated with, acting on behalf of, or endorsed by HUD/FHA or any government agency. This content is for educational purposes and is not tax advice. Reverse mortgage programs may not be available in all states.
*#1 Rated Reverse Mortgage Lender: Based on a comparative review of BBB ratings, complaint histories, accreditation status, customer review scores, and positive-review percentages for the top 20 HECM lenders by endorsement volume (RMInsight, October 1, 2025). BBB data verified December 10, 2025. View Full Advertising Disclosure
