Odell Reverse Mortgage Lending – Talk With a Local Expert

If you’re wondering if a reverse mortgage in Odell Oregon is the right option for your situation, I’m here to help. Contact me today and we can find out together!

Do you need a reverse mortgage? We are specialists in the Home Equity Conversion Mortgage or HECM, also known as a reverse mortgage. It is all we do! When working with us you know that our loan officers in Odell can answer any questions and will help structure your loans to meet both present needs and into the future.

Reverse Mortgage Lenders Odell Oregon

stairs with steel hand railsWe specialize in the Home Equity Conversion Mortgage or HECM, also known as a reverse mortgage. It is all we do – our specialty lies within this type of loan. When you work with us you know that your questions will be answered and no stone left unturned to make sure everything is up-to-date for your financial needs now and into the future because it’s what we’re experts at!

These mortgages allow you the freedom to pay as little or as much as you want, and you can also pay it on your own schedule. There are no penalties for not making a payment by a certain date. getting in touch with a reverse mortgage company Odell OR could set you on the right path to getting the help you need.

How Much Equity Do You Need to Get A Reverse Mortgage in Odell?

It’s understandable that many people in Odell are cautious about looking into a reverse mortgage because they think it sounds too good to be true. There are conditions, however this loan is legitimate as it has been regulated by HUD and FHA insured the loans so you don’t have to worry!

Reverse mortgages Odell offer homeowners the chance to continue living in their homes while receiving monthly payments. Reverse mortgage eligibility is determined by a number of factors such as current home value, age and location.

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

A reverse mortgage is a great way for seniors in Odell to meet their financial needs and many people find it the perfect solution. Every person’s retirement goals are different, so if you’re having trouble with finances then this might be right up your alley!

A Odell Reverse Mortgage Loan comes with pros and cons depending on your individual financial situation; potential borrowers are advised to always do thorough research about this matter since there’s never just one solution or answer.

Call Now to See if a Reverse is A Good Fit for You

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 Odell Oregon. 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.

A reverse mortgage is a type of loan that you can take out in the event that you are at or near retirement age. A reverse mortgage essentially allows seniors in Odell to access some of the equity they’ve built up in their homes, without having to sell it.

There are couple of things you should know and understand.

1) It’s important to understand that this type of loan isn’t for everyone. Reverse mortgages have been called predatory by some because they may be more expensive than traditional loans, but there are many advantages as well.

2) The interest rate on this kind of loan can be either fixed or adjustable. The adjustable rate loan offers more options.

3) You must continue to pay your property taxes, homeowner’s insurance and other property charges. You must also live in the home as your primary residence and take care of it.

Reverse mortgages in Odell OR are an attractive option for seniors who want to use their home equity as a source of income and get some or all of the equity in their home. Reverse mortgages have been around since 1985, but they’re only now becoming more popular with retirees in Odell.