Reverse Mortgage Bethany Oregon – Local Advice

We’re local right here in Bethany Oregon, so we can stop by your house and meet you face to face! It’s fast and easy. We have over 25 years of experience in the home lending industry. Our goal is to provide our customers a way out when their mortgage has become unaffordable or unworkable – enter: Reverse Mortgages.

Have you been considering a reverse mortgage lately? It might be the perfect option for your current needs. These options could include getting rid of monthly payments, or simply using some extra cash every month that doesn’t break your bank account. We can help determine if it’s something worth looking into and see how it will fit in with all other financial issues as they arise during retirement!

What is a Bethany Oregon Reverse Mortgage

Your home is the most valuable asset you own, but as you get older it becomes less and less useful to you. You may need a way to release some of that value without selling your house or taking on new debt.

If you are a senior citizen and your income is limited, then you should know that there is help available in the form of a reverse mortgage. This may be an option for individuals who need cash flow or want to make home improvements.

Who Is the Best Reverse Mortgage Lender in Bethany?

The reverse mortgage offers many benefits which include low interest rates and flexibility with payment terms (even being able to change them at will!). As such it’s worth exploring whether a reverse mortgage might benefit me before I work on paying more monthly mortgage payments.

If you are looking for a local reverse mortgage expert, call us. We’ll give you the information to make your decision an easy one: not choosing is just as important! Reverse mortgages can help relieve some of that debt and put more money in your pocket but, like any financial product out there, they need to be used responsibly so don’t forget this when considering them.

Do You Need Really Good Credit To Get A Bethany Reverse Mortgage?

Imagine not having to worry about your monthly mortgage payment, credit card payments, medical bills or car payments! You can do just that with a reverse mortgage.

Assuming your qualify for a reverse mortgage and you want to apply, you will need some pretty common documents. These include your ID, Social Security card, Social Security awards statement, Social Security 1099, current mortgage statement, homeowners declaration page. There may be other documentation needed depending on the scenario such as tax returns, trusts, bank statements etc..

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You will need documentation such as: ID card; Social Security award statement (Social Security 1099); current monthly mortgage payment information including principal balance on original note(s), interest rate and term remaining before ballooning payments kick in etc.; homeowners declaration page signed under penalty of perjury stating no one else has rights over your residence; tax returns because eligibility requirements may apply.

This is a great option for anyone looking into retirement that hasn’t paid their mortgage off yet. However, if you plan to move or sell your property then this loan isn’t the right choice for you. This is because you will be required to pay it back once you move. If you don’t already have the funds secured to pay it, then there may be a penalty.