Reverse Mortgages Beaverton Oregon – Expert Help and Guidance

You need a reverse mortgage in Beaverton Oregon? Get in touch with us, we’ll help you find the perfect plan for your needs.

If you’re a homeowner  in Beaverton who’s over the age of 62, then you may be able to qualify for a reverse mortgage. This is an equity loan that can make it possible for you to stay in your home after you retire. You won’t have to worry about how you’re going to make monthly mortgage payments again.

Beaverton Oregon Reverse Mortgage Lenders Guide to HECM

We have originated, processed and funded loans for the last 10 years in Beaverton. We service our clients with helpful customer service that is professional to make your experience as easy as possible!

Many people worry if a reverse mortgage loan in Beaverton OR will somehow tamper with their home owner statuses since traditional homeowners often times owe money for years or even decades before finally paying off their loans in full, but those worries should be put aside because everything about them remains unchanged except having no set monthly payment commitment like most other types of mortgages available in Beaverton.

Do You Need a Lot of Equity in Your Home to Apply for a Reverse Mortgage in Beaverton?

house being builtImagine that you can use the money from your Beaverton home to pay for today’s needs while still be able to save and invest. The best part is, if life changes drastically in 10 years time or even 5 years, then by converting a portion of the loan into monthly payments at any point during its term you have all options open as opposed being stuck with one only option.

It can be difficult to face the reality of what you have inherited after a family member passes away. In this case, it is important that all heirs are aware of your right as an heir and understand their own personal options when faced with inheritance: whether they will pay back the remainder of the loan or sell property.

What Should I Do Before Applying for a Reverse Mortgage in Beaverton Oregon?

The high value of homes in Beaverton means that many people are eligible for a Beaverton reverse mortgage loan. For example, if you have an expensive home with more than $822,735 worth of equity and want to point it out or sell it while still living there – then this type of loan might be right for you because they never charge interest on these loans like traditional mortgages do.

As long as the homeowner remains in their house, there are no commitments to a set monthly payment. This means that you will still be the owner of your property while making payments on your loan that work with your budget and schedule. There’s no penalty if you miss any monthly payments.

Don’t Wait Another Day – Call Now

Do you want to remain in your house when you retire? Then you may be the right candidate for a Beaverton reverse mortgage. You should not apply for a reverse mortgage if you plan to leave the residence or sell your property within the next few years. One condition with a reverse mortgage is that when you leave the property you are required to pay back the remainder of the loan.

There is no cost or other commitment to discuss getting a reverse mortgage in Beaverton OR with us on the phone or at our office–we just want to make sure that when you do meet with one of our experts face-to-face, they are prepared for all your questions! Give us a call now.