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Paying for Home Repairs in Retirement

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When you are 55 or older, home repairs can get tricky. Some things are just too hard or dangerous to undertake on your own anymore. It’s not worth the risk to climb a ladder, mess with the circuit breakers, or get up on the roof or under the house anymore. When you have big plans to…

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To Move or Not to Move: Downsizing in Retirement

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The notion of downsizing carries profound implications, especially as retirement approaches. It’s the little things that weigh big on your mind: What do you do with the door with all the kids’ growth marks on it? Will the new owners cherish the patina that life has brought to your kitchen cabinets or tear everything out? Should you…

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Navigating the Reverse Mortgage Landscape as a Reverse Mortgage Loan Officer

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Reverse mortgages, a financial solution with intricate origins, are a multifaceted loan program that carries a checkered history. To thrive as a reverse mortgage loan officer, a comprehensive grasp of the entire program and history is essential, transcending a mere understanding of the loan product itself. The evolution of the reverse mortgage landscape has been marked…

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Say Goodbye to Reverse Mortgage Calculators

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Are you tired of endlessly scouring the internet for a reverse mortgage calculator, only to waste valuable time on form submissions and intrusive contact requests? The process of seeking estimates from various companies through their reverse mortgage calculators can be draining and misleading. Online estimates are often mere guesses and may not reflect reality, as…

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© 2019 Northwest Reverse Mortgage, LLC
Powered by Amerifund Home Loans Inc. NMLS #347051

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Office: (800) 806-1472
Toll Free: (800) 806-1472
Fax: (541) 253-4370

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Northwest Reverse Mortgage
13220 SE 172nd Ave
Ste #172
Happy Valley, OR 97086
Phone: (503) 427-1667

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Northwest Reverse Mortgage powered by Amerifund NMLS #347051. Equal Opportunity Mortgage Broker. Credit on approval. Terms subject to change without notice. Not a commitment to lend. Contents not provided by, or approved by FHA, HUD or any other government agency. All potential tax benefits should be verified with a professional licensed tax advisor. NMLS Consumer Access

At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds; charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees; the loan balance grows over time and interest is charged on the outstanding balance; the borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home; interest on a reverse mortgage is not tax deductible until the borrower makes partial or full re-payment.