Myrtle Creek Reverse Mortgage Lender – Work with Local Reverse Experts

At the age of 62, many people are approaching retirement or are already retired. That is when most people in Myrtle Creek OR start to consider a reverse mortgage.

You worked hard for the home you are living in now, and it’s likely worth more than ever. But if you’re retired or close to retirement and want to stay put, there may be some financial advantages to selling your house and finding a new place where you can live out the rest of your years with dignity. But, if you don’t want to sell your home, getting a reverse mortgage in Myrtle Creek could be a great option for you.

Reverse Mortgage Myrtle Creek Oregon Basics

The Myrtle Creek reverse mortgage is a loan that can be used for when you are retired. It could also help with paying off debt or giving seniors extra cash on the side to pay their bills in full and get out of debt more quickly than expected.

If, at some point during this time, you need money for retirement living expenses, healthcare costs and other financial obligations, you can get funds from your reverse mortgage without having to sell your Myrtle Creek property.

Would You Qualify for a Myrtle Creek Reverse Mortgage?

new-brick-homeThe vast majority of homes in Myrtle Creek OR would qualify for a reverse mortgage. These types of homes include single family, manufactured homes where yo own the land, town homes and multi family homes. Condo’s can qualify as long as the HOA meets certain FHA requirements. Homes that are unusual such as dome homes and A Frames may not qualify for a reverse mortgage. Homes that are in disrepair may not qualify as well.

If you’re looking for a local reverse mortgage expert in Myrtle Creek Oregon, we are who you need to call. The majority of lenders out there only offer one type of loan – mortgages. They may be experts in that field and not have the expertise needed when it comes to loans such as ours since they specialize solely on them which is why Reverse Mortgage Experts like us exist!

Who is the Best Reverse Mortgage Lender to Apply with in Myrtle Creek Oregon?

The number of people living in retirement is on the rise, and with longer life expectancies it’s only natural that these individuals are going to need additional sources of income. The best loans for retirees in Myrtle Creek OR have a low interest rate while also helping them build up their assets by paying off any debt they may currently be carrying.

Once approved for the loan, applicants in Myrtle Creek can access their funds all at once or in monthly payments. There is also the option to acquire the funds through a line of credit. If people want, they can also do a combination of any of these options.

Help is Just A Call Away

Home equity conversion mortgages in Myrtle Creek are an excellent way to get the money you need. If you’re planning on staying in your home for a long time, and if this is what it takes to make life easier financially then the HECM may be right for you.

What type is best for me? What will this do to my monthly budget? How much equity am I putting into this agreement? Why should I get one when there are other options out there (like selling our home)?

Our experienced lending team in Myrtle Creek will help you find the perfect reverse mortgage to suit your needs. Give us a call today and we’ll put our expertise in financing to work for you!