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In your current area 100 homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 500,000 nationwide!

The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
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If you feel this estimate is not correct you can manually change it below. If you have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!

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If you presently have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!
(Our calculations use estimated property values provided by Estated.com. An independent HUD-approved appraiser must complete an appraisal to finalize your loan)
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The minimum qualifying age for a reverse mortgage is 55

Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.
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'About Reverse Mortgages' Category Archives

How Reverse Mortgages Work: Explained in Simple Terms!

    16 comments
Introduction to Reverse Mortgages Welcome to our expert guide on reverse mortgages!  In this article, I will explain the concept of reverse mortgages by breaking down how they work in easy-to-understand terms.  Whether you are a senior homeowner considering your financial future, a family member helping a loved one navigate their options, or simply curious about how these unique mortgage...
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Debunking 6 Myths About Reverse Mortgages in 2024

    no comments
Reverse mortgages have often been portrayed in a negative light, creating misconceptions and doubts among those who might otherwise find them beneficial.  But what lies beneath these critiques? In this article, we'll dive deep into the heart of the matter, dispelling the myths that have long surrounded reverse mortgages.  With an objective lens, we aim to clarify how these mortgages...
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Why Reverse Mortgages Have 2 Notes & 2 Trust Deeds

    55 comments
Borrowers often encounter confusion as they approach the crucial moment of signing their final documents for a reverse mortgage.  They are introduced to a First and Second Trust Deed Note and Two Deeds of Trust (or mortgage, depending on the state laws applicable to the property). Compounding the complexity, the amounts specified on the Note and Deed of Trust can...
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HECM: A Simple Guide to Home Equity Conversion Mortgages

    6 comments
While many people are familiar with the concept of a reverse mortgage, fewer know the ins and outs of HUD's reverse mortgage program, the Home Equity Conversion Mortgage (HECM).  This type of reverse mortgage comprises the vast majority of reverse mortgages closed in the U.S., is insured by the Federal Housing Administration, and follows the rules and regulations set by...
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6 Questions to Ask Your Reverse Mortgage Loan Officer

    4 comments
You've made the decision to pursue a reverse mortgage, and now you're meeting with a loan officer for the first time.  Though you may understand the basics of a reverse mortgage, there are certain questions you may want to bring with you for your first meeting to clarify some of the details that could potentially catch you off guard down...
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Here’s the Truth About Reverse Mortgages (No BS)

    19 comments
I have read so much reverse mortgage info.  It sounds like it is not really to help you but for the bank to help themselves.  It is designed to make you think they are helping you, but the truth is you are giving away your home.  You are selling it to them for a very low price.  If you get...
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Exploring 3 Types of Reverse Mortgages in 2024

    2 comments
While most reverse mortgages are Home Equity Conversion Mortgages, or "HECM" loans, there are several reverse mortgage loan types to consider if you are in the market to tap into your home equity. In this article, you will learn: What differentiates the 3 different types of reverse mortgages Key elements that each type offers Resources and where to learn more...
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The Complete Guide to Understanding Reverse Mortgages

    75 comments
[arlo_toc] What is a Reverse Mortgage? A reverse mortgage is a loan. It is not a government grant. You are not selling your home to the bank and are still on title to the property. Just like any other loan, you are still responsible for the payment of your taxes and insurance, but unlike other loans, with a reverse mortgage, borrowers...
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Here’s How Long it Takes to Close on a Reverse Mortgage

    32 comments
How long does a reverse mortgage take to close?  Can it be completed in a month or less? [arlo_toc] Reverse Mortgages can close in 30 days. Closing a reverse mortgage within 30 days is achievable, particularly when all the necessary elements align perfectly.  This ideal scenario includes the borrower completing their mandatory counseling, promptly returning the signed application, and...
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Reverse Mortgage Payment Options: Term, Ten Year & Tenure Explained

    2 comments
I applied for a reverse mortgage ten months ago with the understanding that I was applying for a ten-year reverse mortgage.  Then, I received a letter from the servicing department that the final monthly payment would end on October 2.  After calling the lender who wrote up the package and then checking, it was determined that the person processing my...
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