When it comes to loans, you may feel confused about taking one out in your retirement. During retirement, you’re supposed to have enough money to cover your costs. Sometimes, however, that just isn’t the case. Instead of taking out personal loans, you should instead consider a reverse mortgage. Our brokers at South River Mortgage have the experience and reputation you need to ensure your financial welfare is kept safe. Here’s what you need to know about our reverse mortgage services in WA.
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HUD-Approved Counseling Agencies in Washington
To understand how a reverse mortgage in Bellevue, WA, and throughout Washington State can help, you first need to understand what a reverse mortgage is. When you take out a typical loan from lenders, you have to pay it back over time. There’s also an interest rate that is calculated into the amount that you pay back.
A reverse loan, on the other hand, uses the equity in your home and gives you access to it. In particular, it gives you your home’s equity as cash. For seniors who have equity in their homes and don’t intend to move, your equity is just sitting there. That’s money that may go to waste if you never utilize it.
Instead, you could take out a reverse mortgage with our reverse mortgage brokers in WA. The money is given to you as either a monthly payment, line of credit, lump sum at closing, or a combination of all three. That money could be used to keep up with your bills, pay off other loans, or even use it to invest.
Besides our great rates, our company is also the best because we have the experience and expertise in the Washington State mortgage field. Our team will give you an in-depth explanation of how these kinds of mortgages work. It is our priority that you understand the process and are educated about your financial situation.
You’ll apply your information to our mortgage calculator and see if you qualify for the loan. You can also see what your possible quote may be in Washington. Our team understands the complexities of reverse mortgages and wants to educate you so you can be fully informed. You can also rely on us to explain every step to you in Washington. You’ll never be left in the dark.
Finally, we have several different mortgage options in Washington State. This makes us flexible and able to tailor our services to our clients. No matter what you want to use your mortgage for in Washington, we’re the best ones to help you. You won’t find care like ours anywhere else in Washington.
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To see if you qualify for our reverse mortgage in Washington, visit our website and try our reverse mortgage calculator or give us a call today.
How a Reverse Mortgage Works
Speak to a Reverse Mortgage Advisor
Have questions about the reverse mortgage? Are you not sure if this is the right program for you? Speak with one of our trusted reverse mortgage advisors today
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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