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Reverse Mortgages
Reverse mortgages are a big part of our commitment to helping even more people meet challenges that make staying in their homes and living independently a dream come true. Soaring health care costs are hitting seniors at a time when more employers are cutting back on retiree medical and pension benefits. The health care costs are causing more seniors to turn to credit cards as a safety net. Yet more seniors subsist on fixed incomes and have little means to boost their incomes. People are also living longer.
What are some of the Benefits of a Reverse Mortgage?
Q and A about a Reverse Mortgage?
As the homeowner receives monthly cash income, the loan balance increases. In the following twelve-month example, the homeowner begins with a debt-free home. As money is received by the homeowner, the mortgage grows. By the end of month twelve, the homeowner owes the bank $6,000 plus $232.44 interest. All Reverse Mortgage loans have a variable rate. Example*
*Many criteria are considered when determining the reverse mortgage loan amount, interest rate, etc.  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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