Reverse Mortgage in Clark County or anywhere in Washington.
Information regarding Reverse Mortgages is easy to find on the internet but learning about your own situation is probably what you are really looking for. Contacting a Reverse Mortgage Specialist who will provide you with a no-cost and no obligation loan comparison is time well spent. Make sure the loan officer you talk to is a HECM specialist. A second opportunity to review the details occurs with required reverse mortgage counseling. A licensed counselor will also answer your questions and review the FHA guidelines as well as your options.
Enhancing your retirement via a HECM reverse mortgage (either refinance or purchase) is an opportunity worth studying. Title to your home remains in your name. No, the bank doesn't get your home.
Once thought of as a loan for desperate seniors, a reverse mortgage may help to preserve your retirement portfolio. Financial Planners are now giving the Reverse Mortgage far more than a passing glance.
To homeowners in Clark County and Washington state who qualify (you must be 62) there is opportunity to receive a lump sum or a fixed monthly payment. If your home is free and clear, you receive more money than homeowners who still have mortgage payments. (The existing mortgage is paid in full before there is any distribution of remaining equity). A Reverse Mortgage line of credit is a smart financial strategy -- the amount in the line of credit continues to grow and the interest rate isn't bad either. Better than most banks.
A reverse mortgage for Washington seniors may be just the ticket to freeing up cash so that you can continue enjoying your independent lifestyle. There are no restrictions on how you use the money. Currently there are no income or credit checks, but changes are coming. Now is a good time and this is a good place to start for a complimentary reverse mortgage loan comparison with no strings attached. A Reverse Mortgage Specialist will walk you through the process and answer all of your questions. I just happen to know a good one. Call me anytime.
Reverse mortgage in Clark County or anywhere in Washington.