All Reverse Mortgage Review


Rating: 9 / 10 (Excellent)
11 Customer Reviews - see all reviews
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How is All Reverse Mortgage rated?
9/10
Lender Details
9/10
Loans
9/10
Consumer Experience

All Reverse is a direct loan service approved by the U.S Department of Housing and Urban Development. The company has also been certified by the FHA and focuses on Housing Equity Conversion Mortgages for retiree homeowners.      

Services and Features

All Reverse Mortgage gives homeowners access to the equity in their homes. The home in question must be their primary residence, and the homeowner must be at least 62 years of age. The house should be a single family home, approved condominium, manufactured home, townhouse, or two to four unit owner-occupied home.  

The HECM for purchase is insured by the federal housing administration. It lets the mortgagor move into a new home without spending the entire liquid asset to pay for it. Homeowners are responsible for maintenance, payment dues, insurance and taxes.  

All Reverse Mortgage provides mandatory counseling for all applicants. The company reviews the borrower’s financial situation, considering debts, income, assets and living expenses and performs a budget analysis. All Reverse Mortgage also assists in finding all available alternatives to complete the process.

All Reverse Mortgage allows clients to use loan proceeds for unexpected expenses such as home improvements, or to pay off medical bills. The borrower can access the available proceeds as a line of credit, single lump sum, regular monthly installment,s or any combination of these options.

Services and Features

Reverse Mortgage Calculator

Online Quotation

Refinancing

Financial Guide

Types of Reverse Mortgage

VA Loans

Single-Purpose Reverse Mortgage

Home Equity Conversion Mortgage

Proprietary Reverse Mortgage

Qualifications

Counseling

Home Owner

Amount of Equity

Not Stated

Age

62 and older

Accreditation

Member of US Department of Housing and Urban Development

Member of Nation Reverse Mortgage Lenders Association

Insured by FHA

Approved by Equal Housing Opportunity

Plan Details

No Pre-Payment

Not Stated

No Monthly Servicing

Interest Rate

Adjustable - 2.15% / Fixed 3.99% (5.24% APR)

Closing Cost and Fees

Zero Financed Closing Cost Plans

Help and Support

Mobile App

Telephone Support

Webinars

Email

FAQs

Reverse Mortgage at All Reverse Mortgage   

All Reverse scores good with their zero finance closing costs, monthly service fees, and origination fees for qualified borrowers. All in all, a good choice for homeowners searching for reverse mortgages. 

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Latest Reviews

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Gene R
Palm Desert, California
6/21/2017
My wife and I had a great experience with All Reverse Mortgage and their crew. The loan representatives answered all of our questions and took away our fears of a reverse mortgage. The President Cliff Auerswald , was great to work with from day one. Our mortgage was handled quickly and professionally. We closed in less than 30 days and funds were transferred to our account in less than a week after closing. A great company to do business with. The Roberts Family

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Richard R
Montesano, Washington
3/21/2017
This was a very good experience. They did all of the paperwork and worked around everything for us. They came to our home to sign the papers for the loan which was very convenient since we are older. Very nice people!!

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Gary U
Tacoma, Washington
3/17/2017
The application process and closing was all done very smoothly and efficiently. Thanks for a great job.

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Rob H
Portland, Oregon
3/16/2017
I highly recommend All Reverse Mortgage! Their professional, clear, an honest approach, made the process very easy. I had a lot of questions, all were answered quickly, and I was given both the benefits and costs of my decisions. Their loan options were far and away the most diverse of any company I looked at. There was never any pressure to move forward! The loan application process was smooth, and no surprises! Cliff and all of his staff, demonstrated the highest level of integrity and support from beginning to completion! Their website is a wealth of knowledge that will answer many questions.

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Mary F
Rancho Cucamonga, California
12/22/2016
I would highly recommend All Reverse Mortgage to anyone interested in getting a reverse mortgage. Everything went so smoothly and quickly and phone calls were answered promptly. I was given a quote at the beginning that stated how much I could borrow based on my age and value of my property. It also showed that there would not be any closing costs, origination fees or upfront mortgage premium. These fees were credited to my account by the lender and were not added to my loan. These are nice people to deal with and they have this loan process down to a science. There were no surprises at the end of closing. I now have peace of mind knowing that I can stay in my townhouse and not have to... Read More

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David L
Seattle, Washington
12/1/2016
All Reverse Mortgage company was extremely helpful to me. They absorbed all of the costs involved except the required $125 HUD counseling fee. They were very responsive to my questions and processed my new HUD loan efficiently and kept me advised of my few requirements. They were easy to contact at any time, either by phone or by email. I thoroughly recommend them to process your Reverse Mortgage.

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Lois B
Lenni, Pennsylvania
8/9/2016
I wish to let everyone know what an absolutely perfect experience we had with Cliff Auerswald, and his company, All Reverse Mortgage. From the first telephone call I had with Cliff, his knowledge, professionalism and expertise were beyond what may be expected from someone who had no idea that we intended to pursue a reverse mortgage with his company. He gave us excellent advice for several weeks and always took our calls. We were doing thorough research on several reverse mortgage companies; however, it was crystal clear almost immediately that All Reverse Mortgage Company was the best this is. The entire process went like clockwork and I am happy to recommend All Reverse Mortgage... Read More

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DOUGLAS W
Littleton, Colorado
7/13/2016
I thought Cliff and his associates at All Reverse were there for me at every step of the process.Their interest rates were there with the other companies. What made them far better then the other companies were their closing costs were far less. I could not have chosen a better company.

Lenard H
Raleigh, North Carolina
4/17/2016
Here are some key things we enjoyed when we were working with All Reverse Mortgage. Most importantly from the beginning we were glad to realize that we would be able to communicate with you in a timely fashion, which we felt was important should any problems would arise during the process. Especially considering how long the process can take. We were also greatly please with your forward thinking on handling any possible problems that could arise. However before we actually spoke with you we were able to gain a lot of knowledge from your web site that we did not see in other web sites that offered reverse mortgages. Through out the whole process we were happy and felt comfortable, which... Read More

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Lois B
Canoga Park, California
4/14/2016
Thank you for your help in securing a Reverse Mortgage for Richard and I this winter. Your company was not the first one I called for information on a RM, but from the first day I called you in late January, I was impressed by both your knowledge and your clear explanations. Then, once we had chosen your firm based on your very competitive rates and fees, I was impressed with your quick service. Your employees also provided excellent explanations and service. The process went very smoothly and I would recommend All Reverse Mortgage to seniors like us. Please feel free to use me as a reference if someone has doubts about using an online service like you provide. Again, thank... Read More

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