'Scams' Category Archives

Are Reverse Mortgages a Scam? Here’s the Facts You Need to Know

September 8, 2024 32 comments

The reverse mortgage is a scam! I am a banker, and I see elderly customers getting deceived daily by these 'reverse mortgages.' They end up losing everything and put their heirs in jeopardy. -Tim As a mortgage banker with over 45 years of experience, I've worked with many major banks, mortgage companies, and insurance firms, handling a wide range of...
Read Full Article

Is Tom Selleck Reverse Mortgage Company Selling Snake Oil?

May 20, 2024 84 comments

We just received this comment on our blog: It boils down to the saying, If it's too good to be true, then it is. I watched this actor named Tom Selleck pitching for a reverse mortgage on a TV commercial. That sounds very convincing, even when he swears to have done his homework on the matter and told the truth. ...
Read Full Article

Beware: Reverse Mortgage Home Warranty Scam

September 12, 2023 8 comments

When I obtained a HECM through ARLO two years ago, the company never said anything about activating a Home Warranty Policy. The letters claim YOUR company took out a home warranty policy. Nothing in the stacks of documents provided by your company indicates this fact. I am now getting letters saying it will expire and that my home is subject...
Read Full Article

Dave Ramsey Offering Bad Advice on Reverse Mortgages

September 1, 2023 14 comments

Does Dave Ramsey know much about reverse mortgages? Dave does a hit piece on reverse mortgages in which he points out some of the less popular aspects of the loan. However, he is either OK with exaggerating the truth or reveals his ignorance about how reverse mortgages work. Source: https://www.daveramsey.com/blog/how-reverse-mortgages-work [arlo_toc] Is Dave right about Reverse Mortgages? Firstly, let’s...
Read Full Article

Was my Mother’s Reverse Mortgage Illegal?

September 2, 2021 8 comments

My mother and I were listed as Trustees on the Deed and title of the home she was living in. I was named executor of her irrevocable trust. The house was paid in full, but she had an equity loan and medical bills for approximately $27,000. She told me she wanted to take out a Reverse Mortgage to pay for...
Read Full Article

Downright Illegal Reverse Mortgage Advertising Scams

August 7, 2018 no comments

Downright Despicable (and illegal) Advertising Every once in a while, we run into misleading or questionable advertising. Then there are times we see things that are downright misleading and illegal, and we should bring those to people's attention so that borrowers and their families will not fall prey to bad actors. I was at my mom's house over the weekend,...
Read Full Article

America’s #1 Rated Reverse Lender

ARLO™

Let’s find out how a reverse mortgage can work for you. Over 500,000 homeowners nationwide - and 100 in your area are already enjoying more financial security in retirement!

Great! It looks like your home value estimate is about

Please provide your estimated home value

The minimum qualifying age for a reverse mortgage is 55

I’m ARLO, here with my best product recommendations and expert tips tailored for you. Just share your email and phone, and I’ll send your personalized analysis securely - 100% free, with no obligation!