Reverse.mortgage Website Review

Hi, I'm ARLO™ My job is to help you every step of the way in learning about reverse mortgages. This rate option will give you access to more cash proceeds over the life of the loan than any other product option available. You will notice that there is a line of credit available after 12 months which will allow you to receive the most money possible in the first 12 months. If your number one goal with the Reverse Mortgage is to get your hands on as much money as possible this is the option for you. If your priority is to preserve as much equity in your home while still leaving access to a line of credit to have in case of an emergency this is the product you would want to choose. If you review the amortization schedule for this product, you will see that over the years your outstanding loan balance with this selection will be lower than the other product options. With this product option you will keep your closing costs as low as possible in order to establish your Reverse Mortgage. If you are most concerned with the costs to set up the loan and less concerned with the amount of proceeds you will receive, this is the product I would As the name indicates this is a Fixed Rate loan option. Your rate would never be subject to change if you choose and close on this product option. This is the option you would select if your biggest priority was to secure a rate that would not be subject to change. Fixed Rate loans are a single disbursement lump sum so there is no option for a credit line. Depending on your individual circu*stances, a Fixed Rate loan option may not provide you with as much available loan proceeds as one of the adjustable products so you will want to compare the amount of proceeds available when making your decision. If your current home value is higher than $1.25 Million, this is a product you will want to look at in comparison to the Government product. The Government Insured Reverse Mortgage has a maximum value currently of $679,650. This means that any additional value above that