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All Reverse Mortgage Company (ARMC) is a HUD Approved Title II Lender offering all available Government Insured Reverse Mortgage Products. The Home Equity Conversion Mortgage (HECM or “Heck-um”) is also known as a “Reverse Mortgage” due to the fact that the loan operates in reverse of a typical mortgage instrument. In a typical mortgage loan (or forward mortgage), the loan is a falling debt, rising equity loan as the balance decreases with the borrowers’ monthly principal and interest payments. The Reverse Mortgage operates in the exact opposite as the borrower is able to unlock equity in their home, the balance of the debt increases while the equity decreases as the borrowers draw funds from the equity in their property - all while not making monthly repayments.  Reverse mortgages have been in existence since 1961 in the United States and have been offered as an insured product of the Department of Housing and Urban Development through the Federal Housing Administration when it was signed into law by Ronald Reagan in 1988.  Currently the lending limits vary by county and range from $200, 160 at the low end to $362,790 in the highest counties.  There is currently legislation being proposed known as the FHA Modernization Bill which would raise this limit.

The Home Equity Conversion Mortgage (HECM) is the oldest and most popular reverse mortgage program, accounting for over 94 percent of the total reverse mortgage closings nationwide. Available since 1988 to homeowners 62 or older, HECMs are insured by the federal government through the Federal Housing Administration (FHA), a part of the U.S. Department of Housing and Urban Development. Until only recently these programs only offered an adjustable rate option. Seniors who find comfort in a Fixed Rate option will find the Fixed Hecm attractive. While today's low interest rate environment remains attractive to seniors taking adjustable HECM's, many believe that locking in a Fixed Rate HECM is still the smartest option.

All Reverse Mortgage Company (ARMC) is proud to offer the Federal National Mortgage Corporation (FNMA or Fannie Mae) HomeKeeper.  A HomeKeeper reverse mortgage is Fannie Mae's conventional market alternative to the Federal Housing Administration (FHA) Home Equity Conversion Mortgage (HECM).  While Fannie Mae is a Government-Sponsored Enterprise and their HomeKeeper program  functions like a HECM loan in many ways, a HomeKeeper reverse mortgage is also very different than the FHA HECM in many others. For example, The HomeKeeper addresses a few needs that are not met by the HECM. Co-Op owners, seniors wishing to use a reverse mortgage to purchase a new home and higher values in areas where the HUD Lending Limits are very low and lower closing costs due to no mortgage insurance requirements for HomeKeeper loans are some of the specific examples of where the HomeKeeper program is advantageous. However, due to the fact that the HECM loan typically will lend much more money in relation to the value of the property and age of the borrower, unless one of these specific needs exist, most borrowers opt for the HUD HECM loan.

The Equity Plus Advantage (Jumbo Proprietary) program will finance senior homeowners with High-End homes in over 30 states. Seniors with higher home values are able to access greater amounts of their home equity than with traditional government insured reverse mortgage. The program has a maximum lending limit of $1,500,000 and is considered to be one of the last and best jumbo reverse mortgages available in today's market. All Reverse Mortgage Company (ARMC) is proud to offer the Equity Plus Advantage. Backed by a financially sound investor we give the Equity Advantage our highest recommendation when considering a Jumbo Reverse Mortgage Program.

The Reverse Select is a unique Fixed Rate Super-Jumbo Reverse Mortgage that allows for the highest lending limit in the nation at $3,000,000. This unique program carries a "No Origination Fee" option and is also available in several states through out the US. The Reverse Select was designed to give the borrower different options to accommodate individual needs. The Reverse Select is also the only Jumbo reverse Mortgage that offers a Tenure payout (Payments for LIFE) as well as a variety of origination fee and interest rate options.