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.
Calculate How Much You Qualify For
Let's get you the best possible quote on a reverse mortgage. (Instant quote in just a few steps)
HUD-Approved Counseling Agencies in Washington
| Counseling Agency Name | Phone number | Address | Website |
|---|---|---|---|
| URBAN LEAGUE OF METROPOLITAN SEATTLE | 206-461-3792 | 105 14th Ave Ste 200 Seattle, Washington 98122-7308 | http://www.ulms.org/ |
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.
Contact Us Today
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.
Why South River Mortgage?
South River Mortgage is a leader in reverse mortgages in Los Angeles, California. South River Mortgage has an expert staff of loan advisors and always gives back to the community.
Proprietary Loan Programs
South River Mortgage has many proprietary loan programs that allow South River Mortgage to qualify many borrowers who would otherwise be ineligible or denied for a reverse mortgage loan. For this reason, South River Mortgage is a top rated reverse mortgage company
South River Mortgage Gives Back
We believe in giving back to the communities we operate in, and we believe in helping seniors. This is why South River Mortgage sponsors hundreds of AARP memberships annually and participates in company-wide volunteer days.
Expert Loan Advisors
All staff members treat clients as we would treat our own family members. Our expert loan advisors go through a thorough guided training program, complete continuing education annually, and are well-regarded as the experts in the field.
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
Recommended Articles
Understanding Reverse Mortgages: A Smart Option for Seniors
As people age, financial security often becomes a top priority. For many seniors, a reverse mortgage can be a valuable tool to enhance their retirement
Understanding How Interest is Calculated on a Reverse Mortgage
As more seniors explore the benefits of reverse mortgages, it’s essential to understand how interest is calculated on these loans. Unlike traditional mortgages, where borrowers
Common Misconceptions About Reverse Mortgages and Why They Are Untrue
Reverse mortgages are often misunderstood and surrounded by various myths and misconceptions. As a financial product designed primarily for seniors, reverse mortgages can be an
Can You Run Out of Money with a Reverse Mortgage?
As homeowners age, many look for ways to supplement their income and enhance their retirement lifestyle. One popular option is a reverse mortgage, which allows
Reverse Mortgage vs. Conventional Cash-Out Refinance
Introduction Homeowners looking to tap into their home equity have two primary options: a reverse mortgage or a conventional cash-out refinance. Both financial products offer
Financial Challenges Facing Seniors in Retirement
Financial Challenges Facing Seniors in Retirement: Navigating a Complex Landscape Introduction Retirement is often envisioned as a period of relaxation and enjoyment, but for many
Testimonials from Working with South River Mortgage
© South River Mortgage, All Rights Reserved NMLS#1854524 1750 Forest Drive Suite #195, Annapolis, MD 21401. These materials are not from HUD or FHA and were not approved by HUD or a government agency.
