'About Reverse Mortgages' Category Archives

Home Equity Conversion Mortgage (HECM): 2025 Guide to Eligibility, Limits, and Benefits

July 13, 2025     12 comments

If you’re a homeowner aged 62 or older searching for "Home Equity Conversion Mortgage" or "HECM," this guide is your comprehensive resource.  The Home Equity Conversion Mortgage (HECM) is a powerful FHA-insured reverse mortgage program that allows you to convert your home equity into tax-free cash without making monthly payments, selling your home, or relocating. Regulated by HUD, it's the...
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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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How Reverse Mortgages Work: Explained in Simple Terms!

March 19, 2025     22 comments

Introduction to Reverse Mortgages Welcome to our guide on reverse mortgages!  In this article, we will explain reverse mortgages in simple terms.  Whether you are a homeowner thinking about your financial future, a family member helping someone understand their choices, or just curious about how reverse mortgages work, this guide is for you. We cover the basics – from who...
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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     29 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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3 Types of Reverse Mortgages Explained: Which One Is Right for You?

May 2, 2024     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 called "jumbo" reverse mortgages, ideal for higher-value...
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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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Why Reverse Mortgages Have 2 Notes & 2 Trust Deeds

February 19, 2024     59 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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6 Questions to Ask Your Reverse Mortgage Loan Officer

February 5, 2024     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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