Average Rates taken from HUD.GOV https://entp.hud.gov/sfnw/public/
|LENDER||AVERAGE NOTE RATE||ESTIMATED PLF LOSS||EQUITY LOSS AT 10 YEARS|
|ALL REVERSE MORTGAGE, INC.||3.79%||$0.00||$0.00|
|LIBERTY HOME EQUITY SOLUTIONS||4.99%||$19,800||$19,480|
|NATIONWIDE EQUITIES CORPORATION||4.97%||$19,800||$19,137|
|AMERICAN ADVISORS GROUP (AAG)||4.95%||$19,800||$18,794|
|AMERICAN PACIFIC MORTGAGE||4.83%||$18,000||$16,748|
|FAIRWAY INDEPENDENT MORTGAGE||4.69%||$14,400||$14,392|
|LIVE WELL FINANCIAL INC.||4.69%||$14,400||$14,392|
|HIGH TECH LENDING INC.||4.60%||$14,400||$12,895|
|MID-CONTINENT FUNDING, INC.||4.56%||$14,400||$12,233|
|ADVISORS MORTGAGE GROUP LLC||4.55%||$14,400||$12,069|
|CHERRY CREEK MORTGAGE CO INC. (1st Reverse)||4.40%||$12,300||$9,611|
|ONE REVERSE MORTGAGE LLC||4.39%||$10,200||$9,446|
|V.I.P. MORTGAGE INC.||4.38%||$10,200||$8,146|
|OPEN MORTGAGE LLC||4.36%||$10,200||$8,946|
|FINANCE OF AMERICA REVERSE LLC||4.34%||$10,200||$8,643|
|RETIREMENT FUNDING SOLUTIONS, MUTUAL OF OMAHA||4.31%||$10,200||$8,146|
|BROKER SOLUTIONS INC. (NAF)||4.30%||$10,200||$8,946|
|M AND T BANK||4.11%||$8,400||$4,971|
|LONGBRIDGE FINANCIAL LLC||3.91%||$4,200||$1,846|
This chart is for illustrative purposes only. The numbers do not differentiate fixed vs adjustable rate loans and cannot take into consideration property location, loan amounts, product mix, program interest rate caps, initial fees or future rate changes.
Therefore, this comparison assumes all borrowers to be 65 years of age with a property valued at $300,000. It assumes an initial loan draw of $100,000 on the line of credit program (the most popular option) for comparison.
Different criteria (borrower ages, draws, regional costs, etc.) will alter these numbers, please use this chart for comparison only as the actual total interest accrued will vary. Please consult your amortization schedule received with your loan proposal or application package for actual numbers.
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FACT #2 - The leader in lower rates per HUD data.Since interest rates are one of the primary factors that determines how much money borrowers receive on a reverse mortgage, under HUD guidelines borrowers with the lowest rates will typically receive more proceeds. We encourage you to compare!
FACT #3 - Lower rates mean more $ for you.
Since interest rates are one of the primary factors that determines how much money borrowers receive on a reverse mortgage, borrowers with the lowest rates will typically receive more proceeds. We encourage you to compare!
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L. B. | San Diego, CA
"Once we had chosen your firm based on your very competitive rates and fees, I was impressed with your quick service. Your employees also provided excellent explanations and service. The process went very smoothly and I would recommend All Reverse Mortgage to seniors like us"
Christine T. | Atlanta GA
"I had spoken to 6 other companies and spent hours researching the best company to use for our reverse mortgage. Some of the other ones wouldn’t quote without running our credit, and others were rude and condescending. Walter and Tiffany at All Reverse were a cut above the rest. Patent, accommodating, friendly. They were concise in their quote and the closing was exactly as quoted."
P. G. | Phoenix, AZ
"Their costs and rates were significantly better than other quotes I obtained for the same loan amount. Once I decided to move forward, everything went smoothly and there were no surprises or hidden costs. I would say that I tend to be generally skeptical about financial service firms and their integrity, but I have no problem recommending All Reverse Mortgage."
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"The entire team is knowledgeable, professional, and courteous. We are completely satisfied with every aspect of our transaction. The information provided answered all of of questions concerning exactly which program was best for our situation. Every phone we call made to them was either answered or returned not only the same day but within 15-30 minutes. There were absolutely "No Surprises" , everything was presented crystal clear and took place exactly as they had advised."