Reverse Mortgage Turner – Talk with a Local Reverse Mortgage Expert About Getting This Type of Loan

With the help of a reverse mortgage, seniors in Turner Oregon have been able to retire comfortably in their own homes for years. This is possible because they receive funds from home equity that does not need repayment until after death or if you sell your house! Reverse mortgages are ideal for those who want to get out of debt and stay within a budget while enjoying retirement at home.

Seniors in Turner OR will benefit from our specialized lending experience. Give us a call to find out if you could have access to financing especially suited to your needs.

Pros and Cons of a Turner Oregon Reverse Mortgage

Many people, including myself once thought it was too good to be true. I’m here to tell you that a reverse mortgage is not at all like the ones we see on TV with elderly homeowners in Turner begging for help because they can’t afford their bills anymore and are struggling financially.

These loans have been insured by FHA since 1988 when Reagan passed regulations in order protect these vulnerable Turner families from predatory lenders preying on seniors who don’t understand the risks of signing up for this loan type or misrepresenting information without telling them about certain hazards such as foreclosure and tax consequences.

salmon colored homeOur loan officers in Turner Oregon are required to attend continuous training on the reverse mortgage loan options as well as advanced planning and utilization techniques. This is done in order for them to be able to help their clients better by providing a professional service that caters specifically towards what they need most, ensuring all of our clients receive personalized attention and they are getting the best loan for their needs.

Do You Need Lots of Equity to Get a Turner Reverse Mortgage?

Imagine that you can use the money from your home in Turner to pay for today’s needs while still be able to save and invest. The best part is, if life changes drastically in 10 years time or even 5 years, then by converting a portion of the loan into monthly payments at any point during its term you have all options open as opposed being stuck with one only option: sell up now!

A reverse mortgage can help many Turner seniors meet their financial needs and for some, it is the ideal financial solution. A senior’s goal heading into retirement may be different from others, which could lead them to face any number of unexpected difficulties in meeting their goals.

Instead of piling on stress over finances before they know what might happen next, a Turner reverse mortgage allows seniors to feel secure about where things stand financially so that even if something goes wrong during this time period or after they retire entirely you’ll still have money put away as back up with no worries!

Is it a Difficult Process Getting Approved for a Reverse Mortgage in Turner Oregon?

All reverse mortgage loans in Turner are regulated by HUD and insured by FHA. Everyone who applies must meet certain income and credit requirements to be approved for the loan. If you get approved for the loan, there are multiple ways to access your money.

Getting a reverse mortgage in Turner OR can be one of the smartest financial moves you’ll ever make because it allows you to access cash without impacting your monthly budget or lifestyle in any way.

One of our lenders in Turner will show you exactly how much money is available and what options are best suited for each individual’s unique circumstances so that you have all the information necessary before making this important decision.

Give Me a Call Right Now

Reverse mortgages are often misunderstood. There is a lot of misinformation out there, and many people have never heard of them or don’t understand how they work.

A reverse mortgage is a loan you take out for your Turner home that will allow you to receive cash payments or a lump sum in the future. You can use this money to pay off bills, make repairs on your home, or even leave it for your children when you pass away. But how old do you need to be? The answer is 62 years of age and have no outstanding loans against the house.

A reverse mortgage in Turner OR can be a great way for seniors to tap into the equity they’ve built up in their homes without having to sell them or take out other loans.