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Best Reverse Mortgages of 2024

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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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'Lenders' Category Archives

2024’s Best Reverse Mortgage Companies: Top 20 Lenders Reviewed

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A reverse mortgage can add stability to your retirement years when used correctly, and selecting the right reverse mortgage company to originate your loan is essential.  We created this guide to provide insight into how HECM lenders are rated and how reviews are collected across the web (independent and sponsored review sites). We want to make things easier for you. ...
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5 Memorable Reverse Mortgage Spokesmen

    8 comments
5 Memorable Reverse Mortgage Spokesmen Reverse mortgages have had many famous faces over the years.  From iconic television and film actors to one-time US presidential candidates, celebrities from all walks of life have espoused the many advantages a reverse mortgage can provide for older homeowners in their retirement years. While spokesmen have come and gone over the years, let’s take...
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Here are the Banks that Offer Reverse Mortgages in 2024

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When considering a reverse mortgage, choosing the right lender is important.  You might be familiar with big national or regional banks for regular mortgage loans, but reverse mortgages are a bit different.  Some smaller regional banks offer reverse mortgages, but big names like Wells Fargo, Chase, and Bank of America typically don't. If you go to one of these big...
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Bank of America Reverse Mortgage Review (2024 Update)

    16 comments
Back in the early 2000s, much of the volume of reverse mortgages in the U.S. was attributed to big banks, including Bank of America. Today, that landscape has changed.  Bank of America began in the reverse mortgage space with a small retail channel, before ramping up its operations through the acquisition of Seattle Mortgage reverse mortgage business in 2007. The...
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AAG – Nations #1 Reverse Mortgage Lender Sells Loan Portfolio

    6 comments
For several years I had had borrowers tell me that this was the last-ditch pitch they received from a loan originator from a well-known competitor.  When that company could not match or beat the rate and fee structure, we offered the client their reverse mortgage transaction. They argued with the borrower that they should close a loan with their company...
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Wells Fargo Reverse Mortgage Review (2024 Update)

    22 comments
Many years ago, some of the biggest banks in the nation offered reverse mortgages.  Among them, Wells Fargo was one of the largest lenders in the U.S. Home Equity Conversion Mortgage (HECM) market.  Today, that is no longer the case. Wells Fargo was at one time the largest reverse mortgage lender in the country. It was only a short time...
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Financial Freedom Reverse Mortgage Review (2023 Update)

    40 comments
At one time, there were quite a few major bank lenders offering reverse mortgages. In fact, in the early 2000s, the majority of reverse mortgage loans were closed by national banks. One of the large bank lenders was Financial Freedom, which most recently operated under the parent company CIT Group, and previously was owned by OneWest Bank and IndyMac. At...
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Resolute Bank Reverse Mortgage Review (2023 Update)

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The reverse mortgage industry in the United States has had to wrestle with some issues related with some new regulatory rules handed down by the U.S. government in 2017 and 2018, and for some companies that had formerly offered loans in the space, the issues that stemmed from these changes to the federally-insured Home Equity Conversion Mortgage (HECM) program caused...
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Livewell Reverse Mortgage Review (2023 Update)

    14 comments
Across the reverse mortgage lender landscape, there are a variety of company types: banks and non-banks; large national lenders; and small regional ones. Over time, many large banks have exited the reverse mortgage business, while independent non-bank lenders today comprise most of the reverse mortgage volume. Still, there are changes that take place within the lender landscape from time to...
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Reverse Mortgage Commercials: The Impact of High-Pressure Sales

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I usually write articles based on the current situation in our industry or the feedback I'm getting from customers.  It seems that now more than ever, I'm getting online blog requests and calls from borrowers telling me they are feeling a lot of sales pressure from loan originators on their reverse mortgage requests. Some of these folks are quite concerned...
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