Molalla Oregon Reverse Mortgages – Your Local Lenders

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

You can say goodbye to the days of constantly calling your lender for updates, because we offer one simple call that combines all the necessary steps in loan servicing.

Molalla Oregon Reverse Mortgage Scams – Are They Really A Thing

cute home in the fallHomeowners in Molalla are still required to pay their property taxes, insurance rates, and other property fees. One condition upon a reverse mortgage is that the homeowner must maintain the home for eligibility purposes. This means they cannot neglect it or let it deteriorate in any way before applying for this form of loan – if so you’re out of luck!

It’s important to us that you know, we’re not a company out for profit. We refuse the big budgets of other reverse mortgage lenders in Molalla OR and instead focus on providing our customers with better rates and fees because it benefits both parties in the long run!

Who Is the Best Reverse Mortgage Lender in Molalla?

When you work with us, we won’t bombard. Instead of spending millions on advertising the way many other Molalla reverse lenders do, we pass that savings to our borrowers in the form of better interest rates and lower fees. So enjoy everything we have to offer while keeping a watchful eye over your wallet!

There are limitations on the value. If you have a million dollar home, your reverse mortgage loan will be based off of an FHA maximum limit and not the full $1M price tag.

Is DocusSign Available to Take a Reverse Mortgage Application in Molalla OR?

Part of the deal is that you are responsible for the upkeep of the Molalla property. The other is that you must live in that house as your main residence during the period of the loan. If you choose to live elsewhere or sell the property, you will be required to pay back the loan.

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 loan may be one thing that helps keep things stable – particularly if interest rates continue to rise steadily.

Why Wait – Call Now

The following passage is about a process of applying for a Molalla Reverse Mortgage: “Applying for this type of loan in no different from any other mortgages.”

To find out whether reverse mortgage loans in Molalla OR might work well with what’s currently available in their financial situation, potential borrowers should consult both professionals who can evaluate how much equity they have as well as those who know all about this kind of loan product so there aren’t any surprises later down the line.

A Molalla reverse mortgage is not for everyone. Be wary of the sales pitches, but also take advantage of the services offered by independent counselors to understand more about your options and what you’ll be getting into in a lot more detail before signing on that dotted line!

Seniors in Molalla can now have access to the financing they need with our specialized lending experience. Give us a call and find out how we could get you on your way in minutes!