Reverse Mortgage Loans – HECM – St. Helens OR

neighborhood aerial photoWe can meet with you in the comfort of your own home or at one of our offices. We are local so we can get to know all about what you need and how it will help make living better for you. We live and breathe reverse mortgages in St. Helens Oregon.

Our team is made up of expert lenders in St. Helens who know the ins-and-outs of this specialized product. We’ll create a HECM that meets your needs now, as well as in future years with customized plans to cover you for life’s surprises!

If you’re 62 years of age or older then you may be eligible to qualify for a reverse mortgage in St. Helens OR. These loans make it possible for you to stay in your home and meet all your financial obligations without having to worry about your monthly payments.

What You Need to Know About Getting a Reverse Mortgage in St. Helens  Oregon – The Pros and Cons of a St. Helens Reverse Mortgages

We have originated, processed and funded reverse loans in St. Helens for the last 10 years. We service our clients with helpful customer service that is professional to make your experience as easy as possible!

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 property.

Who Is the Best Reverse Mortgage Lender in St. Helens?

The vast majority of homes that would qualify for a St. Helens reverse mortgage have certain qualities such as single family, manufactured homes where you own the land, townhomes and multi-family dwellings. Condos can qualify if your HOA satisfies FHA requirements. Homes with unusual features like dome or A frame structures may not be eligible to apply either because they don’t meet specific qualifications set by the Department of Housing & Urban Development (HUD). If your home is in disrepair it will likely disqualify from eligibility too unless there are special circumstances revolving around rehabilitation plans.

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 getting a reverse mortgage in St. Helens OR may fit into what will work best for you!

Can I Apply for a Reverse Mortgage in St. Helens Oregon With a Bankruptcy?

The high value of homes in St. Helens means that many people are not eligible for a reverse mortgage loan. For example, if you have an expensive home with more than $822,735 worth of equity and want to point it out or sell it while still living there – then this type of loan might be right for you because they never charge interest on these loans like traditional mortgages do.

Homeowners can still be required to pay their property taxes, insurance rates, and other property fees. One condition of a St. Helens reverse mortgage is that the homeowner must maintain the home. They also need to live in it as their primary residence so they qualify for one. In this sense you are taking pride in your house if you would like to get approved for a reverse mortgage on it.

Give Me A Call

Getting a reverse mortgage in St. Helens  is not as easy as you might think. There are tons of hoops to jump through and the process can be confusing, frustrating, and costly.

Only you can decide if a reverse mortgage in St. Helens OR is right for you. Be wary of sales pitches, and take advantage of the services offered by independent counselors. Make sure you understand the total costs and the loan repayment terms.

We are here to answer any questions you may have! Our team’s experience will be invaluable in helping you manage your retirement funds and setting you up for success. And applying for a reverse mortgage in St. Helens OR is a great way to ensure financial success during retirement.