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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!

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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From America's #1 Rated Reverse Mortgage Lender

'Appraisal & Property Requirements' Category Archives

Reverse Mortgage Appraisal Disputes and Rebuttals

    17 comments
Here is what has happened to me regarding the appraisal. Applied on May 1, credit report/income/assets fine, credit score of 800, appraiser came on May 8, loan officer was calling me on May 15 to say appraisal came in at same figure we estimated, everything is looking good, as soon as underwriting approves it, we can schedule closing, blah blah....
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Are Reverse Mortgages Harmful to Condominium Associations?

    no comments
ALERT: HUD Announces Condo Changes Effective October 15, 2019! We have just read with interest the benefits of reverse mortgage to an applicant on your website. You also mention benefits to the Condo Associations. However, our experience as an Association in Florida has been negative.  We have recently had a problem in our condominium unit in Boca Raton,...
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What are the Reverse Mortgage Maintenance Requirements?

    6 comments
How would you characterize the average reverse mortgage lender's maintenance requirements? Do they tend to be stringent, moderate, or relatively lax? I have read one account of a reverse mortgage lender requiring very burdensome maintenance requirements that the average retiree wouldn't be much concerned with...such as those necessary for maximum resale value but largely cosmetic (repaint the entire house inside and...
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Reverse Mortgage Appraisal Tips: Laws & Requirements

    no comments
Question from our reader: Can you influence the appraiser to give a higher appraised value? This is one that I would tell you absolutely NO!  It is against the law to try to influence an appraiser to raise a value. This is not to say that if you feel that an appraiser has given you a bad value that...
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Reverse Mortgages and Solar Panels: What You Need to Know

    16 comments
As our homes age, it is not uncommon to invest in renovation projects that enhance our ability to age in place, especially if those upgrades help lower monthly utility bills. Installing solar panels is one effective solution to reduce your overall electricity expense, but if you’re a homeowner considering a reverse mortgage to support your retirement, there are a few...
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Hurricane Alert – 5 Tips if You Have a Reverse Mortgage

    9 comments
HECMs and Hurricanes As Floridians and East Coast residents brace for Hurricane Matthew, the strongest system to threaten the United States since Katrina in 2005, we asked two knowledgeable servicers for advice that you can share with your clients if their homes are damaged. Ryan LaRose, President and COO of Lansing, MI-based Celink, and Co-Chairman of NRMLA’s Servicing Committee, and...
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Can You get a Reverse Mortgage on a Log Home?

    no comments
A browser Myrddin J.  sent the following question(s) in the ask experts blog: I have a log home with no mortgage. I applied to quicken reverse mortgage and was told that because there aren't any other log homes sold in the area for the last six months (there are around 20 in the area but none sold) FHA would not...
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Reverse Mortgage for Condo on Leased Land Requirements

    2 comments
I would certainly – and for a second time – apply for a reverse mortgage immediately, but I know I’m ineligible. Why? Because the ground lease my condo apartment building has with the Battery Park City Authority (BPCA) does not satisfy a requirement that FHA imposes on condo and co-op applicants – and only on condo and co-op applicants --...
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