The housing market in Bend, Oregon is considered to be somewhat competitive. Homes typically go for 1% below listing price at an average sales price of $435,200. The average home value is around $475,132. At this value, a borrower in Bend with a fair credit score may be eligible for a loan upwards of $200,000.
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HUD-Approved Counseling Agencies in Bend, Oregon
|NEIGHBORWORKS UMPQUA||(541) 673-4909||605 SE KANE STROSEBURG,|
|OPEN DOOR COUNSELING CENTER||(503) 640-6689||34420 SW TUALATIN VALLEY HWY|
HILLSBORO, OR 97123-5470
|NEIGHBORIMPACT ||(541) 318-7506||2303 SW 1ST ST BLDG C REDMOND,|
|NEIGHBORHOOD ECONOMIC DEVELOPMENT |
|(541) 345-7106||212 MAIN ST SPRINGFIELD, |
If you’re looking at your mounting bills and expenses and worried that your social security won’t cover the costs, then you could use a little extra help. Whether you want to receive a big monthly check or a little one, you could benefit by signing up for a reverse mortgage. At South River Mortgage, we can help you choose the right policy for your needs. We’ve been helping retired seniors with their reverse mortgages for years. Here’s what you need to know about our services in Bend, OR.
While you may be familiar with loans and lenders, you may never have heard of a reverse mortgage before. A reverse mortgage company is a special kind of company that grants loans to seniors based on the equity of their home. This is a kind of loan that doesn’t need to be paid back by those who take out the loan. Rather, it’s paid back after they have passed through the sale of the house. However, if the seniors choose to move out of the home, then the reverse mortgage in Bend, OR does need to be paid back.
A reverse mortgage is beneficial because it gives you either a monthly payment, a lump sum of cash, or a line of credit that you can use to make big purchases, save, or even invest. It grants you financial freedom.
If you’re looking for a reverse mortgage company in Oregon that you can trust, then you need to consider our reverse mortgage brokers. Our lenders in Bend OR are the best because we offer the lowest rates around. Low rates are vital to keeping the price of your loans down. Our reverse mortgage brokers will give you the best deal based on your needs. You’ll find that our lenders in Bend OR always offer the lowest rates.
You can also expect our reverse mortgage brokers to be experienced. We know all about reverse mortgages and how they work. If you ever have any questions, then our expert brokers can answer them. You can also rely on us to take care of your finances and ensure you’re treated as a priority.
If you’re curious about how a reverse mortgage in Bend, OR can affect your finances, then give our team a call today. You don’t have to worry about making ends meet in Bend, OR when you entrust us with a loan.
How a Reverse Mortgage Works
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For many people, aging in place can provide a higher quality of life than living in a senior care facility. It is not the best
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