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Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040) |
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All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041) |
By 
Michael G. Branson
Edited by 
Cliff Auerswald
Michael G. Branson
Edited by 
Cliff Auerswald
Discover Your Reverse Mortgage Line of Credit Options with Our Weekly Updated Calculator
Stay informed with the most accurate and current data using our Reverse Mortgage Line of Credit Calculator. Updated weekly, it highlights our most popular HECM credit line programs, offering you a transparent view of today’s reverse mortgage options.
For an in-depth understanding, request a personalized analysis that includes:
- Side-by-side loan comparisons
- A detailed breakdown of closing costs
- Comprehensive amortization schedules
Line of Credit Features
- Flexibility: Access any portion of your credit line whenever you need it. Experience the convenience of having funds transferred to your account, typically within 24 to 48 hours following request, or opt for a paper check to access your funds in person.
- Line of Credit Growth: Benefit from an automatic growth rate applied to the funds in your available line of credit. This growth rate is independent of future property valuations and is aligned with the current interest rate on your outstanding balance, plus a .50% monthly insurance rate.
- Government Insured: Enjoy peace of mind knowing your line of credit cannot be frozen or terms can be unchanged as long as you keep up with property taxes and homeowners insurance and use your home as your primary residence. The HECM line of credit offers a straightforward approach to accessing funds, ensuring you have the financial flexibility when you need it most.
Interest Rate Options
- Annual Adjustable Rate: Experience a balanced approach with our annual adjustable interest rate. It adjusts once a year, with each adjustment limited to a maximum of 2%, either upward or downward. The total variation over the loan’s lifetime is capped at 5% above the initial rate, ensuring predictability and safeguarding against extreme fluctuations.
- Monthly Adjustable Rate: Our monthly adjustable interest rate offers greater flexibility for those seeking more dynamic rate adjustments. This option adjusts monthly without periodic caps, allowing more frequent adaptation to market changes. The lifetime limit on this adjustment is set at 10% above the starting rate, providing a blend of flexibility and long-term security.
Line of Credit Knowledge Hub
In-Depth Article: “The Line of Credit That Grows”: Dive deep into the mechanics of the reverse mortgage line of credit’s growth rate. Understand how your credit can grow over time and get a clear breakdown of the interest rate charges.
Insightful Read: “Choosing a Reverse Mortgage: A Smarter Alternative to HELOC”: Explore why a reverse mortgage might be a more strategic and beneficial choice compared to a Home Equity Line of Credit (HELOC). This article provides compelling insights and comparisons, helping you make an informed decision that aligns with your retirement goals.
All Reverse Mortgage Calculators
| Type of Calculator | Purpose | Features | Includes Rates/APR |
|---|---|---|---|
| Reverse Mortgage Line of Credit Calculator | Specialized Tool for Estimating HECM Line of Credit and Simulating Credit Line Growth Rates | Estimates Your Available Credit Line from a Reverse Mortgage and Projects Its Growth Over Time. | No |
| Reverse Mortgage Amortization Calculator | Loan Balance and Equity Simulator, Negative Amortization Schedules | Offers a Comprehensive Analysis of Loan Balance, Equity, and Accrued Interest Changes Throughout the Life of a Reverse Mortgage, Complete with an Excel File for Personal Tracking. | Yes |
| All Reverse Mortgage Calculator | Detailed Calculations for Monthly Payments, Single Lump-Sum Disbursement, and Line of Credit Options | Calculation of What You Could Get from a Home Equity Conversion Mortgage (HECM) or Jumbo/Proprietary Reverse Mortgages | Yes |
| Free Reverse Mortgage Calculator | Basic Calculations for Estimating Monthly Payments, Single Lump-Sum Payouts, and Available Line of Credit | Quickly Estimate Your Reverse Mortgage Payout Without Personal Details. | No |
| Reverse Mortgage Refinance Calculator | HECM to HECM Refinance Analysis | Assists in Evaluating Whether Refinancing Your Existing Reverse Mortgage is Advantageous, Considering Current Home Value, Interest Rates, and the 5x Benefit Rule. | No |
| Reverse Mortgage for Purchase Calculator | HECM for Purchase | Calculates the Funds Needed to Buy a New Home with a Reverse Mortgage, Taking into Account Your Down Payment and Net Income from the Sale of Your Current Home. | Yes |
Do you need assistance or have any questions about which calculator to use? Don't hesitate to reach out to us. Our expert team is just a phone call away at (800) 565-1722, ready to offer you tailored advice and support.
