Beaverton Or Reverse Mtg Q Can I buy property close to kids?

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Beaverton Or Reverse Mtg Q  Can I buy property close to kids?


My wife found a home in Beaverton Oregon close to our children that is her dream home.  This dream home is a steal on the market however it is priced just beyond my reach.  I heard that I might be able to use a Reverse Mortgage to purchase the new place in Beaverton, OR and want to know how it works.


Great question!  In 2008 HUD starting allowing Older American's to use a Reverse Mortgage or HECM Home in Beaverton, Oregon(Home Equity Conversion Mortgage) to purchase a home.  This is a great way to get into your dream home without adding a monthly mortgage payment.  To qualify, you must be 62 or older because this product rewards your age.  The older you are, the more you qualify for.  This means that your required down payment will be based on the purchase price and your age.  The down payment is a range between approximately 35-50%, and the balance is provided with the new purchase money made available by HUD.  You are not required to make a payment on the principal and interest as long as the home remains your primary place of residence.  Because you own the home you are still required to pay your property tax and keep it insured.



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Bend, Oregon:  CE Credits for Realtors delivered in Oregon on the topic of Reverse Mortgage

Oregon Reverse Mortgage Lender

Sharon Falvey, Vice President Northwest Sales has been effectively delivering Continuing Education Credits to Realtors accross the State of Oregon and most recently in Bend, Oregon.  This class has been very well received by Realtors that thought they understood the truth about Reverse Mortgage until they took the class.


Sharon Falvey and Security One Lending were recently quoted in "Reverse Mortgage Daily" and "Reverse Fortunes" as well as other's.  It brings me great joy to  be able to dispel the myths about Reverse Mortgage and show Realtors how they can position themselves to use it correctly and increase their sales.  We all need to make our way in these interesting times and you can never have to many tools in your belt to do so.


Dan Heater: Continuing Education Director in Bend Oregon for COAR is quoted as saying: 

"Thank you Sharon so much for the great class on Reverse Mortgages you did at COAR last week.  The class was very good.  It is amazing that we all still have these pre-conceived ideas about what a reverse mortgage is and how it can fit into our lives as we age.  All of our brokers we very impressed with the class and had all changed their minds as to the value and use of reverse mortgages both personally, and as a tool to help their customers.


The class was concise, easy to understand and gave all who attended something else to include in their presentations for their clients.  I would recommend this class for anyone to take.  Anyone approaching this age, with parents close to this age, or a real estate practitioner with clients of this age would gain valuable information as to how to own real estate as you approach your senior years.


Thanks again.




Dan Heater

Communication Coordinator"


And Desiree Streeter, Broker in Bend Oregon as saying:


"Hi Sharon,


I want to thank you so much for drawing my card for the nice briefcase. That really brightened my day! I have had some really rough times lately with caring for my mother who has been ill for the past 2 years and then my husband being in the hospital since Feb 2 and getting out tomorrow. With that and work I have definitely had a full plate!


I really enjoyed the class today. I went into it knowing nothing at all about Reverse Mortgages. It was very interesting and I gained a lot of knowledge which I will use. I will highly recommend this class to others I know when I see it posted again. I look forward to your updates!


Thanks Again!



Desiree' Streeter

Real Estate Broker



If you would like more informaiton as to how I can bring this to your Association or Office please do not hesitate to contact me.  For more general information please visit my website or call me direct at 541-891-5706 (cell)  503-534-3546 (office).  I look forward to serving your needs.


Sharon Falvey

NMLS# 582985

Vice President, Northwest Sales

Home Equity Specialist



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My blog is a personal expression of my own thoughts, and opinions and does not necessarily reflect the thoughts and opinions of Security One Lending

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