All Reverse Mortgage

• Affordable
• Lower Interest Rates
• Reverse Mortgage Quote with ARLO
• Variety of Reverse Mortgage Loans

Affordable

All Reverse Mortgage is designed to make sure the customer pays less. Since you won't be making a monthly payment on your reverse mortgage loan, the expenses arise from accruing interest rates and any added fees—making it extremely beneficial to borrow from a lender that is notorious for cutting costs.

As one of the few HUD(housing under development)-approved direct lenders, All Reverse Mortgage does not need to go through a middleman. This cuts costs down, as well as drops interest rates and fees. The company doesn't work through any brokers, but focuses only its loan products.

Lower Interest Rates

High interest rates can be the difference between an affordable or expensive reverse mortgage loan. A study sponsored by the HUD surveyed interest rates among dozens of reverse mortgage lenders. Overall, All Reverse Mortgage company was ranked as the reverse mortgage lender that offered the lowest interest rate to its borrowers in comparison to competitors.

Also, while most lenders do not disclose interest rates upfront, All Reverse Mortgage is confident enough in its service, price, and company to advertise its interest rates online. You can visit its company website and receive live updates for its current interest rates.

Reverse Mortgage Quote with ARLO

ARLO is a tool created by All Reverse Mortgage that helps educate customers and provides a more reliable estimate as to what you borrowers might receive from its reverse mortgages. On its website you can get a free estimate that will outline your possible interest rate, fees, and other important factors.

ARLO also has answered over 1,800 questions about the reverse mortgage process and is available 24/7 to provide assistance if you are unfamiliar with reverse mortgages.

Variety of Reverse Mortgage Loans

As of now, there are only three main types of reverse mortgage loan options available on the market—a HECM, H4P, and a proprietary reverse mortgage. All Reverse Mortgage offers all three loans, something that not every reverse mortgage lenders offer.

Although traditional HECM and H4P programs are good options for a majority of borrowers, proprietary reverse mortgages can be a better fit for other individuals. A proprietary reverse mortgage is essentially like a Jumbo loan that allows you to qualify for a greater loan amount. If you are in need of more money for a home loan, All Reverse Mortgage is a great option to consider.

• Undisclosed Fees

Undisclosed Fees

Most lender fees, such as a processing fee, are rolled into the lump sum of the loan. There are very little out-of-pocket costs, however All Reverse Mortgage does not divulge what these costs are. Additional fees vary based on the size, cost, and location of a home so it is difficult for any lender to give hard and fast fee amounts.

Like you would with any other lender, you need to talk with one of its representatives to find out the full extent of any additional fees that you may incur from the lender, government, or reverse mortgage insurance company.