Resources & Services
Loan Origination Fee
A loan origination fee for a mortgage is a charge that lenders establish as compensation for setting up or processing your loan. HUD allows a minimum origination fee of $2,500 and a maximum of $6,000. Between those limits, the fee can’t exceed 2% of the first $200,000 of home value and 1% of home value above $200,000.
Maximum Claim Amount
The Home Equity Conversion Mortgage (HECM) program is...See More
Modified Tenure Reverse Mortgage
Find out how a modified tenure reverse mortgage...See More
When Is the Best Time to Get a Home Equity Conversion Mortgage?
You've built all this equity in your home over the years, but when is the right time to access it? If you're in the golden years of your...
How to Access the Equity in Your Home
Did you know that it is possible for older adults who have reverse mortgages to use their home equity in order to fund their retirement?...
Is a Reverse Mortgage a Good Idea?
2021 was a big year for the reverse mortgage. With over 52,000 originating in 2021 alone, it's not difficult to see that it's worth...