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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 a major financial decision, one that can impact your retirement security for years to come. That’s why this list isn’t based on sponsored links or paid placements. Our rankings are... Read Full Article
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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 (FHA) Home Equity Conversion Mortgages (HECM) and private loan options. Quick Takeaway: If your home is worth more than the FHA limit of or you’re younger than 62, a Non-FHA reverse... Read Full Article
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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. Is Dave right about Reverse Mortgages? Firstly, let’s give Dave his due when he tells the truth. He is right when he says a reverse mortgage operates in reverse of a standard or forward loan. Instead of a... Read Full Article
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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 scheduled payments from HUD-held loans will continue. Payoff Requests — You or your heirs can still request payoff statements or subordinations for Secretary-held HECM liens, though processing may take longer.... Read Full Article
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If you’re exploring a reverse mortgage, the first question is simple: how old do you need to be? For the federally insured Home Equity Conversion Mortgage (HECM), you must be at least 62 when the loan closes. That requirement remains the same for 2026. Your age also plays a direct role in how much you qualify for, since older borrowers receive a higher percentage of their home’s value. Some private or jumbo reverse mortgages start as early as age 55, though these loans are not FHA-insured and follow different rules. ... Read Full Article
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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 the latest HUD 4000.1 rules on ADUs, manufactured homes, and PACE liens Understanding HUD’s Property Standards When applying for a reverse mortgage, your home must meet specific property standards... Read Full Article
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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 of how each one works in real life. Our goal is to give you the facts in plain English so you can decide what’s right for your long-term plans. Pros... Read Full Article
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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 the past few years have changed much of this. If you live in a condominium, before you start making plans that include a reverse mortgage, you should know about the... Read Full Article
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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, we'll explore five strategies that can help you move forward. Why You Might Not Qualify for a Reverse Mortgage Several factors determine how much money you receive from a... Read Full Article
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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 assisting a loved one, understanding the facts behind these so-called 'downsides' will help you make a confident and informed decision. Claim #1: Reverse Mortgages Have Growing Interest and Fees... Read Full Article
