At Northwest Reverse Mortgage, we are your resource for all types of reverse mortgages. A+ rated by the Better Business Bureau, we tailor our service to the unique needs of our clients. As a broker specializing in reverse mortgages, we have access to and are experts in every type of reverse mortgage. Reverse mortgages are all we do. If you are 55 or older and would like access to your home equity as cash or a line of credit, a reverse mortgage may be your solution.
Demystifying Reverse Mortgages
Our mission is to debunk the myths surrounding reverse mortgages. These financial tools were designed to empower people aged 55 or older to access home equity without relinquishing homeownership or make any more monthly mortgage payments. Whether you're considering refinancing, purchasing a new home, or accessing equity through a proprietary reverse mortgage, we're well-versed in every aspect of reverse mortgages.
Personalized Approach and Professional Relationships
With an array of reverse mortgage loan programs, we never take a one-size-fits-all approach. Understanding your eligibility and the potential of a reverse mortgage to enhance your quality of life is vital. As reverse mortgage specialists, we offer access to a comprehensive range of reverse mortgage options.
Discover More Reverse Mortgage Information
Explore the tabs above to learn about reverse mortgage eligibility, how they function, the various types available, and how they can elevate homeownership in retirement. When you're ready for personalized advice from our reverse mortgage specialist, Jeff Foody, call us at 503-427-1667. Your no-obligation custom information packet awaits!
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BLOG
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STAY INFORMED
Get the Facts about Reverse Mortgages and Stretch Your Retirement Savings: Check out the latest Reverse Mortgage news and stories on our Blog Here!
ARE YOU ELIGIBLE?
Let us uncover your reverse mortgage eligibility with just a few questions.
LETS CONNECT
Is a reverse mortgage the right choice for you? Only you will be able to make that decision, but we can provide the information you need and the education it requires for you to make the optimal decision for your future.
VIDEOS
Watch our videos to get a more in depth understanding of the reverse mortgage products.
WATCH & LEARN
Watch our videos to get a more in depth understanding of the reverse mortgage products.
Purchasing a Home with a Reverse Mortgage
Home Equity Conversion Mortgage (HECM) for Purchase (H4P) is a reverse mortgage that allows seniors aged 62 or older, to buy a new principal home using loan proceeds from a reverse mortgage. The HECM for Purchase Program provides the opportunity to purchase a new principal residence with HECM loan proceeds in a single transaction. The HECM loan does not require mortgage loan repayment until the borrower permanently leaves the home.
When planning for retirement, homeowners may have an option to use their home equity to fund their retirement plans and free up discretionary income. Jeff Foody with Northwest Reverse Mortgage was featured on KOIN’s Wallet Wednesday in July 2022 to discuss ways retirees and retiree hopefuls can use a reverse mortgage as part of a robust retirement plan that can allow for a greater quality of life.
After 100 days working with a large reverse mortgage lender in another state, these clients were fed up with the red tape and hubbub. A reverse mortgage horror story starts with inexperience, poor communication and lack of connection with your client. With a reverse mortgage, choosing a local provider can be the deciding factor on whether your experience is a reverse mortgage horror story, or an enchanting tale. Watch the video to see how one phone call with Northwest Reverse Mortgage changed everything for these clients.
Reverse Mortgage expert Jeff Foody was featured on KOIN’s Wallet Wednesday on July 28th, 2022 to discuss how a reverse mortgage can be used as part of a robust retirement plan.
Our President and Owner Jeff Foody MLO 253303 discusses what makes Northwest Reverse Mortgage different in this interview on KPTV FOX12 Local Business Spotlight.
For homeowners aged 55+, getting any mortgage is serious. At Northwest Reverse Mortgage, our job is to equip you with the information you need to make the optimal decision for your family; we are your local guide to a more secure future.
“Craig and Sylvia both take medication to stay in good health. The cost of monthly meds and treatments makes it difficult for them to find the money needed to maintain the quality of life they once enjoyed…”
