'About Reverse Mortgages' Category Archives

How Reverse Mortgages Work – Explained in Simple Terms!

December 5, 2025     24 comments

For more than 20 years, I’ve helped older homeowners understand and use reverse mortgages safely.  At All Reverse Mortgage, Inc., we focus on one loan and one purpose — helping you use the equity you’ve built to support your retirement with clear numbers and no pressure. This guide walks you through the essentials in plain English: what a reverse mortgage...
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Reverse Mortgage Definition and Glossary (A-Z)

September 1, 2025     75 comments

[arlo_toc] Reverse Mortgage (Definition) A reverse mortgage is a home loan for borrowers typically aged 62 and older that allows you to convert a portion of your home equity into tax-free cash without required monthly mortgage payments. You retain title and are responsible for continuing to pay property taxes and homeowner's insurance. Interest accrues and is added to your balance...
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History of the Reverse Mortgage – 1969 to Present Day Facts

September 1, 2025     4 comments

[arlo_toc] [table id=652 /] Bringing it to the Senate Reverse mortgages have undergone many changes in their short 57-year lifespan (depending on who you ask).  As the story goes, a small, local bank wrote the first reverse mortgage in 1961 to a woman in Portland, Maine.  The bank owner wanted to help the wife of his high...
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3 Types of Reverse Mortgages Explained: Which One Is Right for You?

September 1, 2025     5 comments

If you're exploring ways to use your home's equity to improve your financial security in retirement, it's helpful to know that there are three main types of reverse mortgages, each designed for different needs. In this article, we'll explain: Home Equity Conversion Mortgages (HECM): The most popular, federally insured option. Proprietary Reverse Mortgages: Also known as "jumbo" reverse mortgages, these...
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HECM Explained: 2026 Home Equity Conversion Mortgage Requirements, Limits & Benefits

July 13, 2025     12 comments

All Reverse Mortgage has specialized in the HECM program for more than twenty years.  As a HUD-approved direct lender, we originate HECM loans under the same federal rules described in this guide, and we believe homeowners deserve clear, factual guidance from a knowledgeable source.  That has always shaped the way we explain the reverse mortgage program, starting with our first...
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Why Reverse Mortgages Are Safe from DOGE Cuts

April 10, 2025     no comments

[arlo_toc] 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...
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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...
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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. [arlo_toc] How Non-Recourse...
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New Florida Law Reduces Taxes on Reverse Mortgages Starting July 1, 2024

May 14, 2024     no comments

[arlo_toc] The Cost of Reverse Mortgages in Florida Florida has long been one of the most expensive states in which to close a reverse mortgage due to the fees charged by the state.  In addition to already having higher title insurance costs and higher hazard insurance costs, Florida seniors have had to endure the state charging documentary stamp taxes on every mortgage...
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Fact vs. Fiction: Debunking 6 Myths About Reverse Mortgages

March 22, 2024     no comments

Unmasking Reverse Mortgage Myths: Separating Fact from Fiction Reverse mortgages are often misunderstood, clouded by myths discouraging homeowners from exploring their benefits.  These misconceptions create unnecessary doubts for those who might find this financial tool a valuable asset in retirement. In this guide, we’ll address six of the most common myths about reverse mortgages, providing clear, factual insights to help...
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