Northwest Reverse Mortgage is the home of your local reverse mortgage experts licensed in Oregon, Washington, California and Idaho. We are committed to quality service by educating our clients about their options. With over two decades in this industry, Jeff Foody, President, and Owner of Northwest Reverse Mortgage leads a dedicated team of professionals who are…

Northwest Reverse Mortgage Assists With Local Coat Drive PORTLAND, Ore. (KOIN) — Local businesses are getting involved to make sure families in need are staying warm during the colder months. They are asking for your help in their winter coat drive currently underway for the Bradley Angle domestic violence shelter. Breazy Wirth with Northwest Reverse Mortgage and…

How does the homeowner leaving the home affect the reverse mortgage? Handling the estate of a parent or loved one is often a very emotional and stressful time for everyone involved. With everything else going on, dealing with the reverse mortgage servicer is often not the first thing on the list. Even though that may be…

In the realm of retirement planning, many individuals find themselves unprepared financially. A significant portion of seniors’ wealth is tied up in their home’s equity. For numerous older Americans, accessing this equity through a reverse mortgage has provided a valuable financial lifeline when needed. While the concept of a reverse mortgage might seem unfamiliar, it’s…

Compared to single-purpose loans and traditional home equity loans or lines of credit, HECM (Home Equity Conversion Mortgage) loans are particularly advantageous for the senior borrowers they serve. HECM advantages can be seen in many different scenarios but the 5 HECM advantages listed below are some of the best features of the HECM  loan. HECM loans…

Retirement Budgeting Tips: How to Audit Your Expenses and Save More Auditing your monthly expenses once a year is a smart practice, especially after significant lifestyle changes. A lot can change in a year — from costs and needs to your priorities. It’s easy for spending to spiral out of control, but with careful planning,…

Reverse mortgage loans are a powerful tool for seniors planning their retirement but many are held back from this opportunity by reverse mortgage misconceptions. Reverse mortgages allow homeowners age 55+ to access the equity they’ve built in their homes while retaining full ownership. Despite their benefits, reverse mortgages are often misunderstood, preventing many seniors from…

Downsizing with Confidence: How Reverse Mortgages Can Simplify Your Move Downsizing can be a transformative experience, offering an opportunity to take control of your future, redefine your priorities, and embrace a simpler lifestyle. Many individuals plan to downsize as a way to enjoy the fruits of their hard work through the sale of assets and…

The current global situation has taken us all by surprise, leaving many unprepared to cope with its challenges. As we continue to weather this pandemic, weeks of sheltering in place have highlighted shortages in essential supplies, including food and medications. Among the most vulnerable groups during this outbreak are seniors who are financially insecure, and…