Oregon Reverse Mortgage for Eugene, Springfield, Salem, Florence, Rosburg, Medford, Portland, Bend

What are some of the benefits of a reverse mortgage?

revrs mtg 2

Strengthen your personal and financial independence.
Eliminate existing mortgage payments
Help pay for health care or other needs.
You can never lose your home in foreclosure as long as you maintain the property tax and insurance payments.
The loan is only paid off when the house is sold by you or your heirs, or all borrowers move out of the house.
Keep your Medicare or Social Security benefits.
Use it as a credit line and draw upon it as needed.
Get all your cash right away.
Get the best of both—get cash now and have a balance in reserve to use as a credit line.
No Income Requirements: The homeowner does not need to be working and is not qualified based on income.
Fund home repairs / renovation
Reduce debt
Pay for quality home healthcare
Provide a cushion against the unexpected
Enjoy additional leisure activities
Improve quality of life

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