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What is a Reverse Mortgage

By
Mortgage and Lending with Mortgage Solutions Financial NMLS #150073

Many seniors are finding themselves House Rich and Cash Poor. There just doesn't seem to be enough money left over at the end of the month, or they are having to tap into the principle of their retirement funds in order to enjoy a comfortable retirement.

A Reverse Mortgage is a financial tool for seniors that allows them to unlock the equity in their homes. While it is technically a loan against the equity, it has several key differences from a traditional, or forward, mortgage. To find out more about a reverse mortgage click on the following links:

Oregon Reverse Mortgage Article

Oregon Reverse Mortgage Video

Give me a call if you have any questions regarding a reverse mortgage. I can be reached at 503-421-0096.

Comments(1)

Becky Schertenleib, Nan Wimmers
Columbia Gorge Real Estate - The Dalles, OR
"sisters by chance, partners by choice"

Larry, this is a great tool as long as homeowners know what they are getting into! thanks for the post.

Jun 23, 2008 07:01 AM