Top ↑
Site Menu
Home / Blog / Closing Costs / Reverse Mortgage Insurance Explained (2020 Update)

New: $0 Insurance Fees with with ARLO

No Upfront Insurance Fees on Select Proprietary Reverse Mortgages. (Instant Quote, No SSN Required)
In your current area homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 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…
$
$
The minimum qualifying age for a reverse mortgage is 62. If you are within 6 months from your next birthday, I will automatically calculate you a year older.
Tip! Don’t forget to include your spouse’s age, even if they are not yet 62, as loan proceeds are always based on the age of the youngest spouse.
Your Age
I just retrieved the best of 2020's Reverse Mortgages! Your personalized ARLO   analysis includes real-time loan comparisons highlighted with my expert recommendations.
(Needed to validate request)
‹ Back
Your FREE Report Includes
Real Time Analysis (Next Step)
Analysis Via Email
From America's #1 Rated Reverse Mortgage Lender

'Closing Costs' Category Archives

Reverse Mortgage Insurance Explained (2020 Update)

    32 comments
A federally-insured reverse mortgage comes with the benefit that you, the borrower, will receive loan payments as agreed upon by the terms of your loan, and will never owe more than your home is worth. Those benefits are guaranteed by the Federal Housing Administration through its Home Equity Conversion Mortgage program, which includes the vast majority of reverse mortgages out there....
Read Full Article

Reverse Mortgage Closing Costs & Fees Explained

    20 comments
There are several closing costs borrowers are required to finance when getting a reverse mortgage. What many people don’t know is that some of the costs vary by lender and the area in which the borrower lives. It is in your best interest to shop around and compare prices when considering a reverse mortgage. Some of the most common variable...
Read Full Article

Lowest Cost Reverse Mortgage Surprisingly Affordable!

    4 comments
Are you searching for the lowest cost reverse mortgage? It was just a few short years ago that people were reading about how expensive reverse mortgages were but that does not have to be the case currently. Don't get me wrong, HUD still charges an Initial Mortgage Insurance Premium based on the value of the home that can run as...
Read Full Article

No Closing Cost Reverse Mortgage Options are BACK!

    3 comments
You may be asking yourself how that could be a possibility. Most people associate Reverse Mortgages as having high closing costs in order to obtain one because of the 2% Upfront Mortgage Insurance Premium (UFMIP) that is charged by HUD to insure the loan. In fact, that is the number one complaint that you normally hear spoken about Reverse Mortgages...
Read Full Article

Reverse Mortgages can be LESS EXPENSIVE than alternatives.

    no comments
Overcoming  Objections to Reverse Mortgage High Fees. Compared to alternatives.  Read about home equity conversion mortgages (HECMs), and read about those who object to them—often citing high fees and risks to tapping home equity. Like other financial products, reverse mortgages come with certain borrowing costs. But, by understanding how these costs break down, you may discover that a HECM actually could...
Read Full Article

How We Deliver a No Closing Cost Reverse Mortgage

    2 comments
Charlotte has sent the following question(s) in the ask experts blog. How can u do a no closing cost reverse mortgage when other companies charge upwards of $8,000? Hi Charlotte, That would be a little like asking why do some car companies charge more than others for their cars.  But then, it really wouldn't because not all cars are...
Read Full Article

Why Do Reverse Mortgages Have Mortgage Insurance?

    6 comments
If I take a reverse mortgage do I have to pay PMI insurance even if I pay my own home owners insurance? Hi Sue, PMI is the acronym that stands for "Private Mortgage Insurance".  PMI is used on conventional loans and allows borrowers who wish to obtain a loan with less than 20% equity in a property to qualify...
Read Full Article

Lowest Reverse Mortgage Closing Costs for Short Term Needs

    no comments
All Reverse Mortgage® is an Award-Winning HUD Approved Direct Lender. Compare our NEW $0 Orig. Fee Plans and Save Thousands! - Calculate Your Loan Now -  My sisters and I are helping our oldest sister. She's a 66-year old widow and is suffering from early dementia. She has a large financial obligation with the IRS and lives solely on her Social Security income....
Read Full Article

7 Little-Known Ways to Save on Reverse Mortgage Closing Costs

    2 comments
So, you’re thinking about a reverse mortgage. You’ve done your research, you know it’s the right loan for you but you’ve talked to a few family members and friends who may have already gotten one or knows someone who has and you’re concerned about the high costs you’ve been hearing about. Being the smart consumer that you are though, has...
Read Full Article

Reverse Mortgage Fees: They’re Not All The Same!

    12 comments
It is true that just about all reverse mortgages being originated at this time are the HUD Home Equity Conversion Mortgages (HECM or "Heck-um"). So many people think that the reverse mortgage fees and the rates are all going to be about the same. However, this is not always true and those borrowers who take the time to compare have...
Read Full Article
© All Reverse Mortgage, Inc. All Rights Reserved