Welcome to the Reverse Mortgage Learning Center

Here you’ll find information and resources on reverse mortgages to better help you make a well informed decision. Please note that the mortgage industry is constantly changing and some of the specific details found in the various pages may be different today from when the resources were written. For the most up-to-date information, please contact a Reverse Mortgage Specialist at Alpha Mortgage.

Give us a call if you have any questions – (855) 367-4326

FIND OUT WHAT YOU MAY QUALIFY FOR

Receiving Payouts and Use of Funds

Reverse Mortgage Calculator
Details on receiving payments/payouts
Using funds to cover medical expenses
Using funds to maintain and repair a property
Assisted living considerations
Nursing home considerations
Get The Home You Want with a Reverse Mortgage
Tools for Seniors to Analyze the Cost of Retirement
Reverse Mortgages and Credit Line Growth Rate
Pros and Cons of Choosing a Line of Credit for Your Reverse Mortgage
Risks of Taking Out a Reverse Mortgage Too Early
Pay for Important Home Maintenance with a Reverse Mortgage
Options for Reverse Mortgage Fund Distribution
How much can I borrow with a Reverse Mortgage?
Funding Repairs to Help Reduce Falls
Using a Reverse Mortgage to Pay for Prescriptions

Remaining Estate & Children

What happens to my estate?
Affect on children?
Involving adult children in the process
After death
Options for heirs
Can you keep your parents’ home with a reverse mortgage after they have vacated the home?
Reverse Mortgages and surviving spouses
A Reverse Mortgage Won’t Be a Burden On Your Loved Ones

Understanding Some of the Costs

Cost overview
Details on associated fees
Counseling expenses
Appraisal expenses
Closing cost overview (with infographic)
Understanding origination fees
Caregiver loans
Retirement plan
How much will a Reverse Mortgage cost?
Why Borrowers Default & How to Avoid It
How a Reverse Mortgage Can Help You Retire When You’re Ready

Property Type Considerations

What types of property qualify for reverse mortgages?
Manufactured Homes
Condominiums
Rental Properties
Second Homes
Short Sale Properties
Higher End Homes – Jumbo Financing
H4P Helping Builders Get Their Clients in the Perfect Homes
Buying a Home with the Right Social Environment for Solo-Agers

HECM for Purchase (H4P)

H4P Overview
Purchasing a Home with a Reverse Mortgage
Differences Between H4P and a Traditional Reverse Mortgage

Navigating the Process

Considerations When Applying for a Reverse Mortgage
Reverse mortgage counseling
Why You Should Work with a CRMP
Discussions during counseling
Frequently Asked Questions About the Reverse Mortgage Counseling Certificate
What is on a reverse mortgage application?
Understanding a Reverse Mortgage Amortization Schedule
Sample timeline
What happens at closing?
Younger spouse under 62?
Applying before age 62?
Downpayment requirements for purchases
Understanding Reverse Mortgage Financial Assessments

Loan Specific Details

Amortization
Loan-to-value considerations
Interest rates
Mortgage insurance premiums (with infographic)
Reverse mortgage interest
Regulation Z
What is settling the loan account?
Repair riders and reverse mortgages
What is the Reverse Mortgage Stabilization Act?
Reverse Mortgage Eligibility Requirements
What are the maximum loan amounts for reverse mortgages?
Can You File for Bankruptcy with a Reverse Mortgage?
Differences Between a Proprietary Reverse Mortgage & an FHA-insured Reverse Mortgage

Tax and Benefits

Effects on benefits
Effect on medicaid
Does getting a Reverse Mortgage affect your Social Security Benefits?
Tax deductions
Taxable income
Medicaid Eligibility
Medicare and Reverse Mortgages
Using a Reverse Mortgage to Maximize Social Security Benefits – What Are The Risks?
Reverse Mortgage as a Retirement Tool
Reverse Mortgages May Provide Relief for Seniors in Debt

Aging in Place Resources

Wilmington area resources
For children of parents aging in place
Reverse mortgage funds for in-home care
Meeting medical needs at home
Safety tips for seniors living alone
Accessibility for limited mobility
Assist with feelings of isolation
Discussing aging in place with your children
Making homes more accessible for seniors
Adult daycare & in-home care
Comparing the Median Costs of Senior Care in the U.S. (with infographic)

Other Options?

HELOCs vs reverse mortgages (with infographic)
Alternatives to reverse mortgages
Caregiver loans vs reverse mortgages
Selling a home vs a reverse mortgage
Options for homeowners who want their children to have their home after they pass away

Industry Information

Industry statistics
2016 industry update and trends
HUD pleased with changes
Roles of reverse counselor
Certification and licensing
Financial planners and reverse mortgages
Accountants and reverse mortgages
Reverse mortgage jobs
Selling? Considerations for real estate agents
Reverse mortgages in the press
A one year look back at Financial Assessment
Reverse Mortgages Becoming More Mainstream
Recap of Reverse Mortgages Being Featured on NBC Nightly News
One on One Q & A with Leann Lanier, CRMP with Alpha Mortgage
Reverse Mortgages for People with Different Life Situations
At Alpha Reverse, Clients Aren’t Just Clients
What Sets Alpha Mortgage Apart?

Senior Resource Center

How to tell the difference between legitimate reverse mortgages and reverse mortgage scams(with infographic)
Seniors working with contractors
Money saving resources
Home buying tips for seniors
Travel tips for seniors
How to handle student loan debt in retirement
Budgeting tips for senior
Protecting our Seniors from Fraud – Important information from the Senate Aging Committee
What to do if your home is affected by a natural disaster
Senior resources in Raleigh
Senior resources in Charlotte
Senior resources in Durham
Senior resources in Greensboro
Senior resources in Winston-Salem
Senior resources in Fayetteville
Senior resources in Asheville
Senior Resources in Greenville
Senior Resources in Concord
Senior Resources in Jacksonville
Senior Resources in Cary
Senior Resources in Chapel Hill
Senior Resources in Rocky Mount

Learn more about how people are using home equity conversion mortgages for purchasing homes:

Please keep in mind that the reverse mortgage industry in constantly changing and some of the information contained on this site may not be current. Please ask a licensed reverse mortgage professional for up-to-date guidelines. You can also learn about some of the misconceptions people have of reverse mortgages in our FAQ area.

Another topic you might find helpful: Understanding the steps in the reverse mortgage process.