All Reverse Mortgage, Inc.

Are all reverse mortgages backed by HUD?

Yes. Most reverse mortgage loans today are Home Equity Conversion Mortgages (HECMs), insured by the Federal Housing Administration (FHA), which is a part of the U.S. Department of Housing and Urban Development (HUD). ...

Are there different types of reverse mortgages? - Consumer Financial ...

What are the 3 types of reverse mortgages?

There are three kinds of reverse mortgages: single purpose reverse mortgages – offered by some state and local government agencies, as well as non-profits; proprietary reverse mortgages – private loans; and federally-insured reverse mortgages, also known as Home Equity Conversion Mortgages (HECMs).

Reverse Mortgages | FTC Consumer Information

Who owns all reverse mortgage?

All Reverse is licensed in 17 states, with its top state for loan volume being California. Company leadership: Michael Branson, CEO and Cliff Auerswald, President. All Reverse is family owned and operated.

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Why you should never get a reverse mortgage?

Reverse mortgage proceeds may not be enough to cover property taxes, homeowner insurance premiums, and home maintenance costs. Failure to stay current in any of these areas may cause lenders to call the reverse mortgage due, potentially resulting in the loss of one's home.

5 Signs a Reverse Mortgage Is a Bad Idea - Investopedia