The Dalles OR – Reverse Mortgages – Your Local Lending Expert

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

You can say goodbye to the days of constantly calling your lender for updates, because we offer one simple call that combines all the necessary steps in loan servicing.

Understanding How Reverse Mortgage Loans in The Dalles Oregon Work and Their Benefits

2 homesWith a Home Equity Conversion Mortgage or HECM, you can borrow against your home equity. It’s all we do and when it comes to this loan type the only question that matters is “What’s in it for me?” That may sound selfish but if you’re going to take out a reverse mortgage in The Dalles OR there needs to be something compelling enough about the offer on both sides of the coin – which way will help better meet my financial goals now while still providing peace-of-mind into retirement?

A reverse mortgage in The Dalles OR can be a great option for people who want to use the equity in their home but are afraid they’ll need it down the road. One of its best features is that you don’t have to worry about losing any money if your situation changes, because you’re not paying back anything until after death and then only on what remains.

Who Offers Reverse Mortgages in The Dalles?

While a reverse mortgage in The Dalles is just like any other type of loan available in The Dalles Oregon, it has some unique features. One such feature is that there are no monthly payments. The borrower can make the decision to pay their loans at will and in whatever amount they want per month.

They still need to keep up with taxes, insurance fees and maintaining the house itself as well as paying for utilities if applicable or else face foreclosure. If you’re interested in getting a The Dalles reverse mortgage loan, then be sure to read through all aspects before signing anything because these mortgages come not only loaded down by additional costs (such as higher interest rates) but also have strict guidelines which must be followed so don’t forget those either!

A The Dalles reverse mortgage is a type of loan that seniors in The Dalles can use to help them pay for living expenses, medical bills or other debt. A reverse mortgage works by taking equity out of the home and then paying off the balance as the homeowner lives in their home. As homeowners age, they may need more money originally used for upkeep on their homes and this can be an option to help take care of those needs.

Can People With Bad Credit Get Approved for a Reverse Mortgage in The Dalles Oregon?

A reverse mortgage in The Dalles OR is not a regular type of loan. In fact, it’s the opposite! The first step to getting one should be meeting with an expert from your local company that deals in these types of loans and asking all your questions so you can get squared away about what they are like and if this kind of investment suits your needs.

The Dalles Reverse mortgages are often confusing, but they can be the perfect solution to your problems. The Home Equity Conversion Mortgage is backed by federal funds and it may give you access to more cash than other types of loans do.

Give Us A Call

Getting a The Dalles reverse mortgage 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.

Seniors deserve quality loans that are tailored to their needs. When you call us, we’ll help figure out which reverse mortgage in The Dalles OR is right for your situation and make the process as easy as possible so you can get back on track with life quickly!