Expert Reverse Mortgage Lender Shady Cove OR

Let us help take the confusion out of deciding to get a reverse mortgage here in Shady Cove Oregon. You will be able to speak with one of our qualified specialists who will ask you a series of questions and then make recommendations for your best course forward based on what they find in their evaluation.

My first job as a financial consultant was helping people with their retirement. I got to know them, and help plan the rest of their lives out in great detail. One thing that struck me early on is how many clients in Shady Cove wanted reverse mortgages during our discussions about finances – it seemed like every other person had this idea!

Shady Cove Oregon Reverse Mortgage – Should You Get One

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.

The importance of a Shady Cove reverse mortgage cannot be understated. If you are nearing retirement and want to maintain your quality of life without having to sell off assets or take on more debt, the reverse mortgage is an excellent choice for those who qualify. For example, say that right now your income from Social Security plus dividends is enough so that paying taxes only leaves $1K per month in discretionary funds after all living expenses have been met; but as time goes by and health conditions worsen, this will no longer suffice. It could provide additional funding while maintaining financial security – with just one less monthly payment!

Does Your Home Need to Be in Good Condition to Get A Reverse Mortgage?

A reverse mortgage, also known as a home equity conversion loan (HECM), is a type of loan that allows seniors to convert some or all of the equity in their homes into cash. Reverse mortgages are often attractive to people in Shady Cove who want access to money without selling their houses, and without having to pay any interest on the loan.

Your retirement planning is a huge responsibility, but it can be made easier with the help of our experienced team. We know that things happen and needs change as you age so we’ve got your back by giving options for every part of your life’s journey – from navigating health care to managing debt or saving enough money to have financial security in retirement. So let us find out how a reverse mortgage in Shady Cove OR may fit into what will work best for you!

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

pretty-new-home-sunsetAnyone in Shady Cove who is interested in a reverse mortgage must meet certain income and credit qualifications to be considered for the loan. Once an applicant has been approved, there are multiple ways for them to access their funds.

There are some conditions that come with getting a reverse mortgage in Shady Cove. All applicants are responsible for the upkeep and maintenance of the house and must keep the property in good condition. The property that they receive the Shady Cove reverse mortgage for must be their main place of residence. Even if they own multiple properties, they must live at the one for which the mortgage is for.

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This loan allows them to pay off other large expenses without having to worry about what will happen to their home.

I am your trusted and professional Reverse Mortgage Specialist in Shady Cove OR. 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.