IS A REVERSE MORTGAGE RIGHT FOR YOU?

Is a Reverse Mortgage a Good Idea? 4 Smart Reasons to Consider in 2025

March 5, 2025     27 comments

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

Reverse Mortgage Line of Credit & Growth Rate Explained

February 17, 2025     118 comments

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

HomeSafe Second Reverse Mortgage: Access Equity Without Refinancing

February 6, 2025     12 comments

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 cash for home... Read Full Article

Here’s the Truth About Reverse Mortgages (No BS)

December 28, 2024     25 comments

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

Reverse Mortgages and Medicaid/SSI Benefits: Key Considerations for 2025

December 27, 2024     52 comments

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

Non-Recourse Reverse Mortgage Protections Explained

December 27, 2024     31 comments

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

2025 HECM Reverse Mortgage Limits Surge to $1,209,750

November 27, 2024     2 comments

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

Reverse Mortgage vs. HELOC and Home Equity Loans: Easier Qualifications and More Flexibility

November 18, 2024     21 comments

As retirees seek ways to supplement their income or cover expenses, accessing the equity in their home can be a practical solution.  Two popular options for doing so are the Home Equity Line of Credit (HELOC) and the Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage.  While both allow homeowners to unlock the value of their property, they differ in terms of eligibility, repayment terms, and long-term impact on finances. In this article, we’ll explore the key differences between a HELOC and a reverse mortgage, helping you... Read Full Article

Are Reverse Mortgages a Scam? Here’s the Facts You Need to Know

September 8, 2024     32 comments

The reverse mortgage is a scam! I am a banker, and I see elderly customers getting deceived daily by these 'reverse mortgages.' They end up losing everything and put their heirs in jeopardy. -Tim As a mortgage banker with over 45 years of experience, I've worked with many major banks, mortgage companies, and insurance firms, handling a wide range of lending products. While some financial products can be less favorable or risky for borrowers, reverse mortgages are not a scam. The key to avoiding confusion and misinformation is education. Understanding... Read Full Article

Here’s an Ideal Reverse Mortgage Purchase Example

July 12, 2024     5 comments

Understanding the Reverse Mortgage for Purchase Program Many seniors prioritize finding a home that suits their lifestyle as they retire. Whether they’re looking to downsize, rightsize, avoid stairs, or find a low-maintenance property, the Reverse Mortgage Purchase program—also known as HECM for Purchase or "H4P"—is a valuable option that’s often overlooked. If you’re 62 or older, this HUD-insured program allows you to buy a new home without the burden of traditional mortgage payments. It offers the flexibility to move into a home that better meets your needs in retirement... Read Full Article