Find out if HECM Saver is the Right Reverse Mortgage for You

Different homeowners age 62 and older need different reverse mortgages, depending on their particular situation. For example, you may need to borrow the most money available to you in order to pay down other debt. Or, you may simply want the peace of mind that comes from having money available to enjoy a more comfortable life. For these situations, and so many others, All Reverse Mortgage Company offers a choice of Home Equity Conversion Mortgage (HECM) reverse mortgages. Both our HECM Standard and HECM Saver are government-insured reverse mortgages. All Reverse Mortgage Company can help explain the facts so you can determine which reverse mortgage might be right for you. Here are some of the possibilities:
If you want to: Then Consider:
Save money by paying lower up-front costs
Borrow the most money that's available to you.
Stay in your home for only a few more years.
Stay in your home for foreseeable futute.
Purchase a home using a reverse mortgage.
Enjoy flexibility in how you access your money.


HECM Saver: Lower up-front costs
With the newly introduced HECM Saver, the up-front mortgage insurance premium required by the Federal Housing Administration (FHA) is significantly reduced as compared to a HECM Standard. As a result, you could save thousands of dollars, depending on your home?s value. While the maximum amount of money you can borrow is less than with a HECM Standard, lower costs may make it an attractive option.
HECM Standard: Maximum borrowing capacity
The HECM Standard, on the other hand, may be more desirable for those who need the most money available to them. This reverse mortgage allows you to borrow a maximum amount that is greater than with a HECM Saver. The up-front costs you will pay, however, are higher with a HECM Standard.
Please call All Reverse Mortgage Company today to learn more: 1888-801-2762.