Burns Reverse Mortgage Lender – Your Local Expert

Let us help take the confusion out of deciding to get a reverse mortgage here in Burns Oregon. You will be able to speak with one of our qualified specialists who will ask you a series of questions and then make recommendations for your best course forward based on what they find in their evaluation.

Burns reverse mortgages are a great way for seniors to supplement their retirement income. They allow you tap into the equity of your home and convert it into cash as needed, which can be especially helpful if those living on fixed incomes find themselves running out of money too often.

There Are Many Benefits to Getting a Reverse Mortgage in Burns Oregon

Let the phrase “work until I die” only be a phrase. If the only thing stopping you from retiring is the stress of how you will pay your monthly bills while still living at your house then you should apply for a reverse mortgage in Burns OR. It’s time to enjoy the rest of your life, and this loan will make that possible.

The reverse mortgage is a unique and innovative way of turning your Burns home equity into cash income. Using this money to cover living costs, gives peace-of-mind for older people about affording their property without worry at the end of life.

Do You Need Lots of Equity to Get a Burns Reverse Mortgage?

row of victorian homesA reverse mortgage isn’t a free loan, but homeowners  in Burns Oregon are responsible for paying it back at their own pace while living in the home. It’s only when they decide to sell or move out that they’re required to pay the money back – and how much is owed varies from person-to-person based on factors like age.

Another condition is that this property must be their main residence, Even if the homeowner owns multiple properties even outside of Burns, they must live at the house they have the reverse mortgage on full-time. Once they move out, they will be required to pay back the loan. This loan is ideal.

Where Do You Apply for a Reverse Mortgage in Burns Oregon?

As retirees in Burns enjoy their later years there will come a time when they need sources of additional incomes–especially if they do not have pension plans or other benefits through previous employers. Potential borrowers should consider this loan product along with all others before making final decisions about long-term financial security.

A fixed interest rate for your HECM can be a good option when you are using it to buy or refinance a home in Burns OR. This loan may also help if there is little equity in the property after paying off existing liens against it. However, this comes with less risk and greater certainty of knowing how much you owe at any time going forward than the other options available – so keep that in mind!

Our Friendly Helpful Staff is Here to Help

Based on my years of experience I know you have questions. I am here to answer any of your questions about getting a reverse mortgage in Burns OR. There is no cost or obligation to speak with me, put your numbers together or run scenarios. I am here to help you determine if the reverse mortgage is the right option for you.

I want to help you find out if a Burns reverse mortgage is the right choice for your financial needs. I will provide information and answer any of your questions, so call me today!