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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 many real estate professionals are unaware of this powerful tool—or they’ve heard myths that just aren’t true. When used correctly, a reverse mortgage for purchase can close just as quickly... Read Full Article
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If you’ve been thinking about a reverse mortgage but are unsure whether the program will still be around in the future—or what might happen if federal budget cuts from "DOGE," the Department of Government Efficiency impacts housing programs—you’re not alone. At All Reverse Mortgage, Inc., we speak with people every day who are interested in tapping into their home’s equity but have questions about the long-term security of the federally insured Home Equity Conversion Mortgage (HECM) program. Let’s put your mind at ease: HECM reverse mortgages are fully insured... Read Full Article
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Thinking about your finances can feel overwhelming, but a reverse mortgage can provide financial relief and peace of mind when used wisely. It’s a loan designed to help homeowners aged 62 and older turn their home equity into cash—without selling or making monthly mortgage payments. But is it a good idea for you? This guide explores four scenarios where a reverse mortgage makes sense and situations where it may not be the best choice. 4 Smart Reasons to Get a Reverse Mortgage 1. You Need to Improve Cash Flow in... Read Full Article
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Reverse Mortgage Line of Credit: Why It's the Most Popular Option The reverse mortgage line of credit remains the most popular choice among homeowners today—and for good reason. According to a report by AARP, 66% of borrowers chose the line of credit as the best way to access their reverse mortgage funds. Why So Many Homeowners Choose the Line of Credit The reverse mortgage line of credit gives you flexibility and control. When your loan closes, you can access up to the maximum amount allowed by HUD during the... Read Full Article
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Unlock Your Home’s Equity Without Refinancing At All Reverse Mortgage, Inc. (ARLO™), we know that many homeowners want to access their home equity without losing their low-rate first mortgage. That’s why we offer HomeSafe Second—a reverse mortgage second lien that lets you tap into your home’s equity without monthly mortgage payments while keeping your first mortgage intact. What Is HomeSafe Second? HomeSafe Second is a proprietary reverse mortgage designed specifically for homeowners who: ✅ Have a low-interest first mortgage they want to keep ✅ Need extra... Read Full Article
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The reverse mortgage market has evolved significantly, especially in the jumbo and proprietary reverse mortgage segment. Before the 2009/2010 market crash, several jumbo reverse mortgage programs were available, but they disappeared following the downturn. Over time, the market has made a cautious yet pivotal recovery, with innovative products like the Platinum Jumbo Reverse Mortgage leading the way. The Platinum Jumbo Reverse Mortgage Program The Platinum Jumbo Reverse Mortgage is a proprietary loan designed for borrowers with high-value properties. It offers much higher loan limits than the HUD Home Equity... Read Full Article
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A reader recently shared their skepticism about reverse mortgages, saying: "I've read a lot about reverse mortgages, and it seems they're more for the bank's benefit than yours. They make it sound like they're helping, but in reality, you're giving away your home for a low price. If you get a reverse mortgage and pass away soon after, your home could be lost, and your family won't be able to keep it, even with a will." We agree with one point: reverse mortgages aren't for everyone. But it's important to... Read Full Article
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Reverse mortgage proceeds can provide valuable financial support, but they may also influence your eligibility for Medicaid or Supplemental Security Income (SSI). Understanding these potential effects is essential for making informed decisions. If you’re 62 or older and considering a reverse mortgage to supplement your retirement income, it’s important to evaluate how this choice could impact your access to needs-based programs. Careful planning can help you make the most of this financial tool while preserving your benefits. Understanding Means-Tested Benefits Means-tested benefits are based... Read Full Article
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The non-recourse feature of reverse mortgages is a powerful safeguard, yet it’s often misunderstood. It’s even sparked debates—like the AARP lawsuit against HUD—over its scope. Simply put, a non-recourse reverse mortgage ensures you’ll never owe more than your home’s value when the loan matures. But how does this protect you and your heirs? Let’s break it down. How Non-Recourse Protection Works Picture this: A 66-year-old homeowner with a $500,000 home secures a $321,000 fixed-rate reverse mortgage. After 20 years of no payments, interest pushes the balance to $1,000,000. The... Read Full Article
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Our guide breaks down the FHA's decision in a clear and easy-to-understand format. We've included handy tables comparing the reverse mortgage loan limits of 2024 and 2025, showing you exactly how much more you can borrow. Plus, a "2025 Loan-To-Value Comparison" table illustrates how much of your home's value you can tap into with these new lending limits. This article, backed by data and expert analysis, is designed to be your one-stop guide to understanding the changes in HECM limits for 2025. Exciting News: HUD Increases Reverse... Read Full Article
