Reverse Mortgages Home What are Reverse Mortgages? Who is eligible for them? Types of Reverse Mortgages Why choose Reverse Mortgages Paying back Reverse Mortgages Questions to ask lenders Their disadvantages Reverse Mortgage requirements Origination and MIP Fees Dealing with closing costs The process of getting one What is the HECM? Appraisal Fees Servicing Set-Aside reverse mortgages   Reverse mortgages. Perhaps you’ve heard of them through the news or a friend, and you think they may be the best option for you. We’ve created this site to help you learn more about reverse mortgages, their advantages, and their disadvantages.   Who are Reverse Mortgages Available to? Reverse mortgages are only available to persons over the age of 62. At this age, it can sometimes be frustrating and disturbing to begin thinking about taking out another mortgage. You may be struggling financially due to health problems or high debt, or your home may be in desperate need of major repairs. Whatever your reason to begin researching reverse mortgages, we’re here to help you.   All the information you need to make a decision about pursuing a reverse mortgage is here, including information on the different lenders, options, and the requirements. Additionally, we guide you through the entire process with nine easy steps that will help you to successfully maneuver the waters of reverse mortgages.