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Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
​iReverse Home Loans, Corporation
Branch Office * 8231 Tobago Lane, Wellington, FL  33414 * Branch NMLS #1613062
Branch Manager Russel Helfman M.B.A.   * Individual NMLS #387498
855-434-2349 (Phone) * 516-706-6125 (Fax)
Corporate Office * 7689 Sitio Algodon, Carlsbad, CA  92009 * Corporate NMLS #1564664
Low-Cost-Reverse-Mortgage-Help
We originate reverse mortgages in Florida, Texas and California
In Texas DBA “iReverse Home Loans of Texas, Corporation”
Types of Reverse Mortgages
HECM is the commonly used acronym for a Home Equity Conversion Mortgage, which is a Reverse Mortgage insured and regulated by the Federal Housing Administration (FHA), which is part of the U.S. Department of Housing and Urban Development (HUD). A HECM is not a government loan. It is a loan issued by a private lender that is insured by the FHA.


- Home Equity Conversion Mortgage (HECM)
  • Offered in either a fixed rate or adjustable rate option.
  • Fixed Rate Option:
                    - This option ensures you can lock in an interest rate for the entire life of your loan.
                    - Allows for only a single disbursement lump sum payment at the time the loan finds.

  • Adjustable Rate Option:
                    - This option provides greater flexibility with more payout choices. Payout choices include:
                              - Monthly payment
                              - Lump Sum
                              - Line of Credit
                              - A combination of these


HomeSafe Proprietary "Jumbo" Reverse Mortgage
        •   This option provides an alternative for higher value homes that well exceed the HECM Federal lending limit             of $625,500.
        •   The jumbo program can potentially access additional equity built up in the home that is not available 
            with an HECM reverse mortgage.
        •   Offered as a fixed rate of 6.99%.
        •   The jumbo reverse does not have a required mortgage insurance premium, removing a significant cost.
        •   Includes condominiums valued at over $500,000 which is important for homeowners living in or wanting to 
            buy into higher-priced condo or active adult community. 


For Purchase Home Equity Conversion Mortgage
  • This option helps you purchase a home with a reverse mortgage.
  • The HECM for Purchase offers a solution for downsizing into a place that’s more suitable for your physical needs as you grow older.
  • The advantage of using a HECM for Purchase is that the new home is purchased outright, using funds from the sale of the old home, which are then combined with the proceeds from the reverse mortgage.
  • This option leaves the home buyer with no monthly mortgage payment.
  • See separate tab in this website for a more detailed explanation of this Purchase option.




If you have any questions about the Types of Reverse Mortgage programs, please contact us so we can explain any details of the program...​
Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
Reverse Mortgage Help Desk - Rated A+, The Honest Place to Find out How the Loan Works and If It’s Right for You.  Low Cost Loans Our Specialty.
Reverse Mortgage Help Desk - Rated A+, The Honest Place to Find out How the Loan Works and If It’s Right for You.  Low Cost Loans Our Specialty.
Reverse Mortgage Help Desk - Rated A+, The Honest Place to Find out How the Loan Works and If It’s Right for You.  Low Cost Loans Our Specialty.
Reverse Mortgage Help Desk - Rated A+, The Honest Place to Find out How the Loan Works and If It’s Right for You.  Low Cost Loans Our Specialty.
Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
Low-Cost-Reverse-Mortgage-Help
​iReverse Home Loans, Corporation
Branch Office * 8231 Tobago Lane, Wellington, FL  33414 * Branch NMLS #1613062
Branch Manager Russel Helfman M.B.A.   * Individual NMLS #387498
855-434-2349 (Phone) * 516-706-6125 (Fax)
Corporate Office * 7689 Sitio Algodon, Carlsbad, CA  92009 * Corporate NMLS #1564664
Low-Cost-Reverse-Mortgage-Help
We originate reverse mortgages in Florida, Texas and California
In Texas DBA “iReverse Home Loans of Texas, Corporation”