Compare Reverse Mortgages

Learn how our experts identify and compare the essential factors of reverse mortgages to find the best option for you. From services and features and types of reverse mortgages to plan details and help and support, we research everything you need to know to make a decision.
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How we Compare Reverse Mortgages

Services and Features - 15%
Types of Reverse Mortgages - 20%
Qualifications - 15%
Accreditations - 20%
Plan Details - 20%
Help and Support - 10%

Services and Features Compared

Below are the service and features that might be helpful for existing and future borrowers. Clients can get an idea of how much a reverse mortgage costs by using a reverse mortgage calculator. A financial guide is also important to know the do's and don’ts when acquiring a reverse mortgage.

  • Reverse Mortgage Calculator
  • Online Quotation
  • Refinancing
  • Financial Guide
Reverse Mortgages with the Best Services and Features:  American Advisors Group Services and FeaturesReverse Mortgage Expert Services and Features
American Advisors GroupLendingTreeAll Reverse MortgageReverse Mortgage ExpertReverse Mortgage Advisors of AmericaGuide to LendersHome Point FinancialLive Well FinancialLibertyProficio Mortgage
Reverse Mortgage Calculator
Online Quotation
Refinancing
Financial Guide

Types of Reverse Mortgages Compared

Lending institutions offer different kinds of reverse mortgages. The borrower must take into account the reason(s) they are getting the reverse mortgage when discriminating between the options. Below are some common reverse mortgages:

  • VA Loans
  • Single-Purpose Reverse Mortgage
  • Home Equity Conversion Mortgage
  • Proprietary Reverse Mortgage
American Advisors GroupLendingTreeAll Reverse MortgageReverse Mortgage ExpertReverse Mortgage Advisors of AmericaGuide to LendersHome Point FinancialLive Well FinancialLibertyProficio Mortgage
VA Loans
Single-Purpose Reverse Mortgage
Home Equity Conversion Mortgage
Proprietary Reverse Mortgage

Qualifications Compared

Reverse Mortgages are not suitable for everyone, and there are several qualifications you must consider before you apply:

  • Age – Borrower must be at least 62 years old to qualify. Your age determines the amount you can borrow. The older you are, the more you’ll get.  
  • Ownership Status – The borrower should be a titled owner of any of the following: single-unit dwelling, family home, manufactured home, townhouse, approved-condominium, or two-to-four unit owner occupied home.  
  • Counseling – It is required by the federal government for the borrower to attend mortgage counseling. Counselors will explain the consequences and costs related to a reverse mortgage.
American Advisors GroupLendingTreeAll Reverse MortgageReverse Mortgage ExpertReverse Mortgage Advisors of AmericaGuide to LendersHome Point FinancialLive Well FinancialLibertyProficio Mortgage
Home Owner
Age62 years and older62 years and older62 years and older62 years and older62 years and older62 years and older62 years and older62 years and older62 years and older62 years and older

Accreditations Compared

The borrower should take into account the lender’s authority, credibility and certification of competency. Accreditations help to recognize safe and secure lending processes. Below is a list of agencies that give operating licenses and authorizations:   

  • National Reverse Mortgage Lenders Association
  • U.S Department of Housing and Urban Development
  • Federal Housing Administration
  • Equal Housing Opportunity
American Advisors GroupLendingTreeAll Reverse MortgageReverse Mortgage ExpertReverse Mortgage Advisors of AmericaGuide to LendersHome Point FinancialLive Well FinancialLibertyProficio Mortgage
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 Compared

Interest rates, monthly servicing, closing costs and fees may vary depending on the loan amount. We strongly advise clients to discuss their plan details and other charges directly with their preferred lending company.

  • Pre-Payment
  • Monthly Servicing
  • Interest Rate
  • Closing Cost and Fees
Reverse Mortgages with the Best Plan Details:  Guide to Lenders Plan DetailsAll Reverse Mortgage Plan Details

Help and Support Compared

A reverse mortgage support team should be readily accessible through a variety of communication channels.  This can be done over telephone, email, or through a mobile app. The company should also offer online resources, online detailed information about their product, and FAQs for self-help.

  • Mobile App
  • Telephone Support
  • Email
  • Webinars
  • FAQs 
Reverse Mortgages with the Best Help and Support:  LendingTree Help and SupportReverse Mortgage Expert Help and Support

Full Reverse Mortgages Comparison

Services and FeaturesTypes of Reverse MortgagesQualificationsAccreditationsPlan DetailsHelp and Support
American Advisors Group Reverse Mortgage9.510.010.010.09.09.5
LendingTree Reverse Mortgage9.010.010.010.09.010.0
All Reverse Mortgage9.09.710.09.710.09.0
Reverse Mortgage Expert9.510.010.010.07.59.9
Reverse Mortgage Advisors of America8.610.010.09.09.09.0
Guide to Lenders Reverse Mortgage9.08.010.09.410.09.0
Good Day Reverse9.010.010.010.07.09.5
Reverse Mortgage Educator9.010.09.010.07.09.5
Home Point Financial Reverse Mortgage8.010.010.010.07.08.0
Reverse Mortgage Funding9.07.010.010.08.08.0
Live Well Financial Reverse Mortgage8.09.010.010.07.07.0
Liberty Reverse Mortgage8.08.010.010.07.07.0
NewDay USA Reverse Mortgage7.09.010.08.07.08.0
Proficio Mortgage Reverse Mortgage6.08.010.010.07.07.0
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Articles

Latest Reviews

Reviews help other customers make decisions. Share your experience with Reverse Mortgages
C
Charlie Aech
11/28/2016
The AAG loan officer I worked with was knowledgeable and I was educated and walked-through on everything I wanted to know. I don't even want to know what their phone bill is. I would recommend this outfit to anyone. My tenure payments came in at a higher monthly amount than I was originally hoping for. I am quite happy.

Sandy Eis
11/11/2016
Jason Heyl is VERY helpful & makes the process a simple as can be. I have used him twice now & highly recommend him & Good Day Reverse.

R
Ronald Engel
9/27/2016
RMA Sean Obrian provided excellent service. He was knowledgable and responded quickly. We only had one small problem and that was rectified after closing.

Reviews help other customers make decisions. Share your experience with Reverse Mortgages