Applying for a Reverse Mortgage in Damascus OR – What You Need to Know

We can meet with you in the comfort of your own home or at one of our offices. We are local so we can get to know all about what you need and how it will help make living better for you. We live and breathe reverse mortgages in Damascus Oregon. Our team is made up of experts who know the ins-and-outs of this specialized product. We’ll create a HECM that meets your needs now, as well as in future years with customized plans to cover you for life’s surprises!

A reverse mortgage is a loan that is available to people ages 62 and over in Damascus. When you apply for a reverse mortgage in Damascus Oregon you could qualify to purchase or refinance your home without any monthly payments. All payments are voluntary, so as the borrower you can pay as much or as little as you want. You can even choose when your payments are made as well.

Damascus Oregon Reverse Mortgage Process and How to Apply

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.

Our Damascus loan officers are required to attend continuous training on the reverse mortgage loan options available in Damascus OR as well as advanced planning and utilization techniques so that they can guarantee our clients receive the best service.

Who is the Best Lender in Damascus to Talk to About Reverse Mortgages?

The problem with getting a reverse mortgage in Damascus Oregon is that you have to go through a lot of red tape before you get your loan. You need to pay for an appraisal, which costs money, and then wait for approval from the lender or servicer. A small percentage of people even get denied because they don’t meet certain requirements such as income level or property type.

Damascus Reverse mortgages are a great option for those on the cusp of retirement and looking to downsize their living situation. Unlike traditional loans, there is no need for monthly payments with this kind of loan – it’s all about your home equity until you pass away or sell!

Is Applying for a Reverse Mortgage in Damascus) Oregon an Easy Process?

Reverse mortgages in Damascus OR have been around for years but they recently became more popular with people who are struggling financially or looking at retirement age because it has so many advantages: you don’t need good credit, there is no monthly payment like traditional mortgage payments can sometimes become on an ongoing basis – especially if interest rates rise; and most importantly your primary residence does not go into foreclosure just because someone falls behind temporarily. With all those perks combined what’s not to love?

If you’re feeling hesitant about using a line-of-credit on top of everything else going on financially right now don’t worry! While there is always some risk when borrowing money at all times not just during good economic periods this type of Damascus loan may be one thing that helps keep things stable – particularly if interest rates continue to rise steadily.

Why Wait – Call Us Today

Reverse mortgages in Damascus Oregon are a great way for seniors to feel financially secure. It’s normal, going into retirement, to worry about how you will make it through the years ahead with limited income and mounting medical bills – but reverse mortgage can take care of your worries by providing financial relief in any form that suits your needs best.

You’ve been thinking about getting a reverse mortgage in Damascus OR for years and you’re ready to take the leap. The first question is: Have I considered all my options?