Reverse Mortgage Lenders Direct


Unbiased HECM Info 
seniors learn the truth


reverse mortgage is a loan product that is available for homeowners over the age of 62 (eligibility ages may vary, depending on the lending institution).  The collateral for the loan is the home’s equity, and the loan usually doesn’t need to be repaid until the homeowners sell the home, the last surviving homeowner leaves the residence, or until the homeowners pass away.

When the last surviving homeowner permanently moves away from the home, or when the homeowners sell the home or pass away, the estate has approximately six months to repay the reverse mortgage balance.  This is usually done by selling the home; remaining equity can be left to heirs or inherited by the estate.   What must be emphasized is that debt as a result of the home selling for less than the balance of the reverse mortgage is NOT transferred to the estate or heirs.


For more information do no hesitate to contact our friendly call center staff - calls are toll free 855-999-2293

Reverse Mortgage Lenders Direct inc. or * does not offer loans or mortgages. * is not a lender or a mortgage broker and does not provide mortgage relief assistance. * is a website that provides information about mortgages and loans and does not offer loans or mortgages directly or indirectly through any representatives or agents. By submitting or completing to quote form on this page or any page on this webiste you are authorizing RMLD inc to validate the information. Contact our support if you are suspicious of any fraudulent activities or if you have any questions.* is not responsible for the accuracy of information or responsible for the accuracy of the rates, APR or loan information posted by brokers, lenders or advertisers. The actual mortgage rate you qualify for will depend upon the verification of the value of your home, your credit score and other considerations.

 * is not associated with the government, and our service is not approved by the government or your lender.       3000 NE 30th Pl, Ste 203, Ft. Lauderdale, FL 33306     855-999-2293

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Therefore, to quickly summarize eligibility:

  • Applicants must be at least 62 years of age.
  • Applicants must own their home either outright or have built up equity in their home by years or decades worth of mortgage payments.  The mortgage balance must be low enough to be completely paid by the proceeds of the reverse mortgage at loan closing.
  • Applicants must live in the home
  • Applicants cannot be delinquent on federal debts.
  • HECM reverse mortgage applicants must receive free or low-cost counseling from an HECM counsellor.  Once a counseling course has been completed, the applicant will receive a Reverse Mortgage Counseling Certificate.  This is to ensure that applicants gain a thorough understanding of reverse mortgage loans and the products they select.

If you mee the above requirements you can proceed to receiving a free no obligationreverse mortgage quote online – we compare top lenders on your behalf so you can save money and time.

In order to fully understand the reverse mortgage and how do they work it is important to consider the reverse mortgage pros and cons.


While the eligibility requirements may be different at other financial institutions such as banks and credit unions, most places that offer a reverse mortgage product have the same requirements as those for the Federal Housing Administration’s HECM (Home Equity Conversion Mortgage) reverse mortgage.

To be considered eligible for HECM reverse mortgage, homeowners must be at least 62 years of age.  The home must be owned free and clear, or any liens that exist must be satisfied and eliminated with the reverse mortgage proceeds.  Existing mortgage balance, if there is any, can be paid off at the time the reverse mortgage loan closes.

As far as credit checks are concerned, for reverse mortgages there are no credit score requirements; this is because the home is collateral and there are limits as to how much a homeowner can borrow with a reverse loan.  An applicant cannot be delinquent on a federal debt while applying for a reverse mortgage.

If the applicant however is in a Chapter 13 Bankruptcy while applying for an HECM reverse mortgage, he or she must have proof that payments have been made on time for at least twelve months.

How does a reverse mortgage work

"The reverse mortgage program is NOT a scam - this is a federally insured program by the Federal Housing Administration. Some 100,000 seniors every year take a reverse mortgage your not alone."

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