A HECM Saver reverse mortgage is a new initiative to the reverse mortgage market, it launched in October 2010. This new reverse mortgage product nearly eliminates one of the biggest upfront fees that you were previously required to pay. HECM Saver will have an upfront premium of only .01 percent of the property's value. The HECM Saver is ideal if you want to lower the upfront loan costs and if you want to borrow a smaller amount than the balance that would be available with a HECM Standard loan. If you have more questions, please do call to speak with our team of professionals. They're on hand to answer your queries on topics like this. A great place to start is to request a copy of our free DVD, which is packed with handy advice on the positives of a reverse mortgage. Follow the link and order your copy today.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.