Discover exercises to get rid of love handles

Is is possible to lose belly fat without losing weight all over?

I am 5″5 and 130 pounds. After my third child, I am having problems losing my belly fat. I heard that you cannot lose belly fat without losing weight everywhere. If I lose any weight, I will be a beanpole and I do not want that. I eat pretty healthy and exercise as much as possible. Does anyone have any suggestions?