Reverse Mortgages
Why Reverse Mortgages Are a Bad Idea - 7 Costly Downsides
Reverse mortgages cost seniors $30,000+ in fees and drain home equity. Learn 7 reasons to avoid them and what to do instead.
Michael Chen
Reverse Mortgages
Everything about reverse mortgages for seniors. Learn how they work, requirements and potential benefits.
16 articles
Reverse Mortgages
Refinancing a Reverse Mortgage: Is It Possible? - Learn the
Yes, you can refinance a reverse mortgage into a new HECM if your home value increased. You must pass the 5x benefit test. See the requirements.
Sarah Mitchell
Reverse Mortgages
Can You Do A Reverse Mortgage On A Condo
Find out if your condo qualifies for a reverse mortgage. Learn FHA condo approval requirements, eligibility rules and how much you can borrow.
Michael Chen
Reverse Mortgages
Can You Get A Reverse Mortgage On A Condo
Your condo must be FHA-approved or get a single-unit approval. About 25,000 condo projects qualify. See how to check yours and what to do if it's not.
Lisa Rodriguez
Reverse Mortgages
Can You Sell A House With A Reverse Mortgage
You can sell anytime. The reverse mortgage balance is paid from sale proceeds. If you owe more than the home's worth, FHA insurance covers the gap.
Jennifer Adams
Reverse Mortgages
HECM Counseling - What to Expect Before You Apply
HUD requires a counseling session before any reverse mortgage. It takes 60-90 minutes and costs $125. See what the counselor covers and how to prepare.
Jennifer Adams
Reverse Mortgages
Jumbo Reverse Mortgage Lenders: Top Options - Access Loans
Proprietary reverse mortgages go up to $4M+ for high-value homes. See top jumbo reverse lenders, rates and how they differ from HECMs.
Sarah Mitchell
Reverse Mortgages
Refinance A Reverse Mortgage Into A Conventional Mortgage
How to refinance a reverse mortgage into a conventional loan. Requirements, costs and step-by-step process.
Jennifer Adams
Reverse Mortgages
Refinance a Reverse Mortgage - Steps and Benefits
Refinancing a HECM into a new one can unlock more funds if your home appreciated. You need at least 50% equity and must pass the net benefit test.
Lisa Rodriguez
Reverse Mortgages
Reverse Mortgage Leads: Cost Analysis - Identify Effective
Reverse mortgage leads cost $25-$150 each depending on exclusivity. Direct mail and seminar leads convert best. See sources and close rates.
Sarah Mitchell
Reverse Mortgages
Reverse Mortgage Line of Credit - How It Grows
The HECM credit line grows at the same rate as your loan balance — even unused funds increase over time. See how this unique feature works.
David Thompson
Reverse Mortgages
Reverse Mortgage Refinance - When It Makes Sense
Refinance your HECM when rates drop or your home gains value. The new loan must provide at least 5x the closing costs in additional benefits.
Jennifer Adams
Reverse Mortgages
Reverse Mortgage Testimonials - Discover real borrower stories
Read real experiences from reverse mortgage borrowers. Some love the financial freedom. Others regret the fees. See both sides before deciding.
Jennifer Adams
Reverse Mortgages
Tucson Reverse Mortgage Counseling - Find local HUD-approved help
Find HUD-approved reverse mortgage counselors in the Tucson area. Sessions run $125 and can be done by phone or in person. See local options.
David Thompson
Reverse Mortgages
What Are The 3 Types Of Reverse Mortgages - Explore Your Options
HECMs are FHA-insured and most common. Proprietary reverse mortgages handle high-value homes. Single-purpose loans cover one specific need.
David Thompson
Reverse Mortgages
Reverse Mortgage Disqualifications - Key Factors
You're disqualified if you're under 62, have less than 50% equity, owe federal debt or can't pay taxes and insurance. See the full list.
David Thompson