Reverse Mortgage 101

New to the HECM reverse mortgage? No problem! The articles linked below cover the basics, common myths and misconceptions, the history of the reverse mortgage, common terms, and case studies based on real-world scenarios.

Reverse Mortgage Pros and Cons

Industry Insider Explains the Top Reverse Mortgage Pros and Cons For 2024

A reverse mortgage is a great financial solution, but it's not always the right fit. Is it right (or ... Read More
Reverse Mortgage Myths

The Top 11 Reverse Mortgage Myths and Misconceptions

An FHA-insured HECM reverse mortgage is not perfect for everybody, but it can be a great financial tool for the ... Read More
What is a reverse mortgage?

What is a Reverse Mortgage? A Straightforward Explanation From An Industry Veteran

What is a reverse mortgage? How does it really work? Is it right (or wrong) for you? An experienced ... Read More
Reverse Mortgage FAQs

Reverse Mortgage FAQs (Frequently Asked Questions)

I've been in this business for a number of years and have talked with thousands of people about the HECM ... Read More
How a Texas Reverse Mortgage Works

How a Texas Reverse Mortgage Works According to an Experienced Industry Insider

An experienced and successful industry veteran breaks down what you need to know about how Texas reverse mortgages work ... Read More
Can you pay back a reverse mortgage early?

How to Pay Back a Reverse Mortgage

Can you pay back a reverse mortgage? If so, how do you pay off a reverse mortgage? We'll cover ... Read More
Reverse Mortgage Rates

How to Get Current Reverse Mortgage Interest Rates Using This Simple Insider Trick

An industry veteran explains a simple insider trick to estimate current reverse mortgage interest rates without calling a lender ... Read More
Reverse Mortgage Vs Home Equity Loan: Which One is Better in Retirement?

Reverse Mortgage vs HELOC: An Industry Insider's Honest Opinion

You're retired and you need cash. It's reverse mortgage vs HELOC, but you're not sure which to go with ... Read More
Can I get a reverse mortgage with bad credit?

Can I Get a Reverse Mortgage With Bad Credit?

Can you get a reverse mortgage with bad credit? Yes, you can get a reverse mortgage with bad credit, but ... Read More
Pitfalls of Reverse Mortgages

10 Little-Known Reverse Mortgage Pitfalls to Watch Out For

You've probably seen the reverse mortgage commercials with Henry Winkler and Tom Selleck. They make reverse mortgages sound pretty ... Read More
What is a HECM Reverse Mortgage?

What is a HECM? How to Unlock Your Home Equity and Empower Your Retirement

What is a HECM loan? How does it work? How can it help empower your retirement? A highly experienced ... Read More
Reverse Mortgage After Death

Reverse Mortgage After Death: How the Loan is Repaid and 3 Critical Deadlines for Heirs

What happens to a reverse mortgage after death? Do the heirs inherit a big mess? Does the bank get ... Read More
Yes, you can get a reverse mortgage on a manufactured home.

How to Get a Reverse Mortgage on a Manufactured Home in 2024

Manufactured, mobile, and modular homes are eligible for a reverse mortgage as long as they meet certain requirements. We'll ... Read More
What is a CAIVRS Check?

What is a CAIVRS Check?

What is a CAIVRS check? How does it impact you when applying for a mortgage? A CAIVRS check is an ... Read More
Reverse Mortgage Requirements

The Top 6 Reverse Mortgage Requirements & Rules

Are you a good candidate for a reverse mortgage? If you are, is there a good chance that you'll ... Read More
What is the current principal limit on a reverse mortgage?

What is the Current Principal Limit on a Reverse Mortgage?

So, what is the current principal limit on a reverse mortgage? It depends! The fact that you're asking this ... Read More
Minimum Credit Score for Reverse Mortgage

The Surprisingly Low Minimum Credit Score for Reverse Mortgages

What is the minimum credit score for reverse mortgage financing? Can you qualify for a reverse mortgage with bad ... Read More
Reverse Mortgage Maximum Loan Amount

What Is The Current Reverse Mortgage Maximum Loan Amount?

When people ask about a reverse mortgage maximum loan amount, they're usually referring to one of three things: the ... Read More
Reverse Mortgage Amortization Schedule

Reverse Mortgage Amortization Schedule: What It Is and Why It's Important

A reverse mortgage amortization schedule is an important document that details how a reverse mortgage changes over time. Most reverse ... Read More
How Much Equity Do You Need for a Reverse Mortgage?

How Much Equity Do You Need for a Reverse Mortgage?

How much equity do you need for a reverse mortgage? The answer depends on a few different factors. We'll ... Read More
How Much Can I Get On a Reverse Mortgage?

How Much Can I Get On a Reverse Mortgage?

How much can I get on a reverse mortgage? Well, that depends! A reverse mortgage is not a one-size-fits-all home ... Read More
Can you sell a house with a reverse mortgage?

Can You Sell a House With a Reverse Mortgage? Absolutely! Here's a Helpful Guide

Selling a house with a reverse mortgage is straightforward. We'll explain how the process works and the most important ... Read More
How do banks make money on reverse mortgages?

How Do Banks Make Money on Reverse Mortgages?

How do banks make money on reverse mortgages? What's in it for the lender? These are great questions that ... Read More
Are Reverse Mortgages a Bad Deal?

Are Reverse Mortgages a Bad Deal?

What if I said screwdrivers were bad and nobody should use them? You'd probably think I'm nuts, right? Or, what ... Read More
Reverse Mortgage Line of Credit Growth

The Super Cool Reverse Mortgage Line of Credit Growth Feature

The reverse mortgage line of credit growth feature is probably one of the best aspects of the HECM reverse mortgage ... Read More
Reverse Mortgage Insurance

What is Reverse Mortgage Insurance and Why Is It Charged?

Reverse mortgage insurance for the HECM program is designed to protect both borrower and lender if the home isn't worth ... Read More
Reverse Mortgage History

An Overview of Reverse Mortgage History

You may be surprised to learn that reverse mortgage history began as early as 1961 when the first reverse mortgage ... Read More
Reverse Mortgage Age Requirements

How Reverse Mortgage Age Requirements Have Changed for the Better

The one constant in life is change, right? It's no different in the reverse mortgage industry. Reverse mortgage age ... Read More