What are some of the benefits of a reverse mortgage?

• 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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Stepping Stone Mortgage - 272 West 11th Ave. - Eugene, OR 97401
Office Phone: (541) 683-3300 Fax: (541) 683-8364

We lend in the following states: OR

                

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