One Reverse Mortgage vs All Reverse Mortgage
Both One Reverse Mortgage and All Reverse Mortgage are great options to conisder for a reverse mortgage.
One (A Quicken Loans Company) is among the leaders in the industry, becoming one of the largest companies in the nation. What makes One so popular is because it is one of the lenders that offers a wide variety of options. Its specialty called Optimizer (HELO) is a great option for those that may not qualify for a normal .
All was founded in 2004 and is leading the industry as one of the most affordable and popular . Focusing only on reverse mortgages, its business model as a direct was created to keep cost low by spending less on middleman costs and focusing more on the quality of its products.
Overview
One Reverse Mortgage
Undisclosed
All Reverse Mortgage
Undisclosed
Ratings
One Reverse Mortgage
All Reverse Mortgage
Reviews
One Reverse Mortgage
Reviews
All Reverse Mortgage
Reviews for One Reverse Mortgage
Helpful Favorable Review
seanth57
July 5th, 2021
Columbus, GA
DETAILS
I was informed of every step of the loan process, my questions were answered very quickly. The fees were the lowest of similar and comparable loans.
Helpful Critical Review
Reviews for All Reverse Mortgage
Helpful Favorable Review
Robert Horn II
August 7th, 2023
Pahrump, NV
DETAILS
Edited August 7th, 2023
I helped my grandparents get a reverse mortgage with All Reverse Mortgage on their home in Florida. It gave them extra money so they could take nice vacations during their later years. They were able to remain in their home till they both passed in 2021. I particularly liked their customer service. They were very understanding and caring when dealing with older people. They were extremely patient, and the many questions asked by my grandparents were answered thoroughly.
Helpful Critical Review
The Final Word
All is designed to make sure the customer pays less. Since you won't be making a on your , the expenses arise from accruing interest rates and any added fees—making it extremely beneficial to borrow from a that is notorious for cutting costs.
As one of the few HUD(housing under development)-approved direct lenders, All does not need to go through a middleman. This cuts costs down, as well as drops interest rates and fees. In fact, a study sponsored by the HUD surveyed interest rates among dozens of . Overall, All company was ranked as the that offered the lowest to its borrowers in comparison to competitors.
One has a unique called the HELO. It is a designed specifically to help those who have had a difficult time qualifying for a traditional . Its unique features include the following:
- Higher lending limits
- No premiums
- No property restrictions
- 100% immediate access and flexibility of your funds
- Use your funds to consolidate debt
There is no other product out there that offers all of these unique benefits in one . If you have certain government regulations, housing restrictions, and lending limits that is making it difficult for you to get a typical FHA , then One is a great option for you to consider.
Both lenders are great options to consider. Choose the one that best meets your needs.
