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Are all reverse mortgages the same? Isn't it best to use the lender you just saw that has the national celebrity on TV? That's what many are hoping you will think and they pay those celebrities a lot of money to convince you to use their company.
At All Reverse Mortgage, we know that this loan is all about you and your needs, not who the lender is.
In fact, over 99% of the reverse mortgage loans closed today are the FHA-insured Home Equity Conversion Mortgage (HECM or "Heck-um") that is backed by HUD. With the same federal safeguards, the same government insurance for life, why should you pay thousands more for a loan at one lender over another?
Even though all FHA-insured loans have the same government guarantees, not all lenders offer the same rates or costs and we welcome you to compare. We often save our customers thousands of dollars per transaction every single day!