Reverse Mortgage Oak Grove Oregon – Call Us

A reverse mortgage is a loan that enables homeowners in Oak Grove OR to convert part of the equity in their home into cash. It may be an option for seniors who are struggling with high monthly expenses and have little, or no other income.

I’m one of the top loan officers and I know that this could work out well for anyone in search of home-ownership or those who want more financial breathing room without having their homes foreclosed.

What You Need to Know About Getting a Reverse Mortgage in Oak Grove Oregon

We are a direct reverse mortgage lender – and we know that is what our clients want to hear. We originate, process, underwrite, fund and service all of our loans- who else could offer them the same level of care? The last part about servicing their loan has been key for us; with so many different options out there these days it’s important they feel confident in working with us throughout their entire experience.

Many people are worried if this loan will somehow tamper with their homeowner’s status. When approved for a reverse mortgage, you will still be the owner of your home and everything else in life like before but with one exception: there is no monthly payment anymore. You can also take out cash from your house as long as there is enough equity beyond paying off the current mortgage balance.

Who Is the Best Reverse Mortgage Lender in Oak Grove?

Imagine that you can use the money from your home to pay for today’s needs while still be able to save and invest. The best part is, if life changes drastically in 10 years time or even 5 years, then by converting a portion of the loan into monthly payments at any point during its term you have all options open as opposed being stuck with one only option: sell up now!

It can be difficult to face the reality of what you have inherited after a family member passes away in Oak Grove. In this case, it is important that all heirs are aware of your right as an heir and understand their own personal options when faced with inheritance: whether they will pay back the remainder of the loan or sell property.

What Should I Do Before Applying for a Reverse Mortgage in Oak Grove Oregon?

As the population continues to grow older and life expectancy increase, more people are going to be living longer in retirement. This means they will need additional sources of income that is not entirely reliant on Social Security or other pensions from their employers. Potential borrowers reverse mortgage borrowers may want to consider this loan product for their particular financial situation if it turns out they cannot sustain themselves without any help at all after a long career with an employer who no longer exists.

Getting a reverse mortgage can be one of the smartest financial moves you’ll ever make because it allows you to access cash without impacting your monthly budget or lifestyle in any way. We’re going to show you exactly how much money is available and what options are best suited for each individual’s unique circumstances so that you have all the information necessary before making this important decision on behalf of yourself or someone else who needs help managing their finances after retirement age has arrived.

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

I am your trusted and professional Reverse Mortgage Specialist. I have been in the industry for over ten years, answering any questions homeowners may have about their financial future with a reverse mortgage. There is no cost or obligation to speak with me-put together some numbers or run some scenarios through my questionnaire form available on our website.