Reverse Mortgage Lender Troutdale OR – Work with a Specialist

The best time to get a Troutdale reverse mortgage is now! If you are in need of financial help, I am here for you. Give me a call and we can make the process as easy as possible. As one of the most experienced reverse mortgage specialists in Troutdale Oregon I am excited to help you take your first step towards a more financially secure retirement.

A reverse mortgage is a loan available to people over the age of 62. It can be used in place of monthly payments and you are free to pay us as much or little as you want, whenever your heart desires!

Benefits to a Reverse Mortgage in Troutdale Oregon What Benefits do Reverse Mortgages in Troutdale Provide

In a time where home ownership is becoming more of an impossible endeavor, it can be hard to keep up with your property taxes and other fees. But don’t worry! There are ways around this in the form of Troutdale reverse mortgages. To qualify for one however you must maintain the property that was mortgaged as well as live at the house for a minimum of 6 months of the year.

The reverse mortgage in Troutdale OR is a unique and innovative way of turning your home’s equity into cash income. Using this money to cover living costs, gives peace-of-mind for older people about affording their property without worry at the end of life.

Will Your Troutdale Property Qualify for a Reverse Mortgage?

A Troutdale 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 who want access to money without selling their houses, and without having to pay any interest on the loan.

Beyond the obvious financial benefits, there are also other reasons why you should invest in your Troutdale home. You can use it to consolidate debt and gain more flexibility with loan payments or renovate and pay for needed repairs on your property. And if something unforeseen happens like a medical emergency? Your secured line of credit will help cover those costs too!

How Much Money Could I get With a Troutdale Oregon Reverse Mortgage?

A fixed rate is typically applied to a reverse mortgage in Troutdale OR when the goal of utilizing this loan option is for buying property. For those who want more flexibility in choosing their interest rates, there are also variable and adjustable-rate options that can be utilized with HECM loans as well.

If you are nearing the end of your working career and you’re tired of living paycheck to paycheck, a reverse mortgage may be the solution to help take care of all your financial needs. A reverse mortgage in Troutdale Oregon is a loan that lets seniors age 62 or older use their home equity now without selling their property.

Call Me

In order to get the best interest rates and fees for a reverse mortgage in Troutdale OR you will need to be diligent in your search. This means that you’ll have to contact several different lenders but don’t worry because we can help! We’re an independent company so our only goal is give each customer the fairest rate possible, even if it’s not with us.

Some people decide to use a reverse mortgage in Troutdale OR as an alternative solution.

They are backed with federal funds and the interest rates vary depending on your credit history, age of residence, home value and equity amount you want loaned against.

The most complicated type is called a Home Equity Conversion Mortgage (HECM) that requires expert advice from HUD-approved counselors or before applying for this type of program because  if you sell now but it’s important to understand how they work should you choose not to stay in your property long term due diligence is needed!

What are you waiting for? Give me a call today and let’s see if applying for a reverse mortgage in Troutdale OR is the right move for you financially. You’ll be working with a local reverse mortgage lender.