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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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Great! It looks like your home value estimate is about

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!

Please provide your estimated home value

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!
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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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'Closing Costs' Category Archives

Reverse Mortgage Insurance Explained (2024 Update)

    28 comments
A federally insured reverse mortgage assures that, as the borrower, you will receive certain loan payments as agreed upon by the terms of your loan. You or your heirs will never be forced to repay more than your home is worth to pay off the loan, regardless of the loan’s balance.  The Federal Housing Administration guarantees those benefits through its...
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Reverse Mortgage Closing Costs & Fees Explained

    6 comments
When considering a reverse mortgage, it's important to understand the various costs involved.  These expenses can differ significantly, not just between different lenders but also based on your home's location. To ensure you're getting the best possible deal, it's smart to shop around and compare lenders.  Among the costs, the origination fees (which cover the setup of your loan) and...
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Lowest Cost Reverse Mortgage Options in 2024

    6 comments
Are you searching for the lowest-cost reverse mortgage? A few short years ago, 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 home's value that can run as high as 2% for this one cost...
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No Closing Cost Reverse Mortgage Options are BACK!

    5 comments
Understanding No-Closing Cost Reverse Mortgages: While it's common knowledge that all loans come with certain fees, the concept of a no-closing cost reverse mortgage might seem puzzling. Indeed, reverse mortgages, particularly HUD's Home Equity Conversion Mortgage (HECM), often include substantial initial fees, mainly due to an upfront mortgage insurance premium of 2% of the property value or the maximum lending...
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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...
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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...
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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...
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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....
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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...
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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...
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