A reverse mortgage is a loan program designed to enable homeowners 62 years and older to convert part of the equity in their homes into tax-free cash flow* without having to sell the home, give up title, or take on a new monthly mortgage payment. Instead of making monthly payments to the lender, as with a regular mortgage, the lender makes payments to you.
You are required to pay your property taxes, insurance and any other charges associated with your property. You are required to continue to pay property taxes, homeowners insurance and any other property related charges like you currently do and as you would do with any other loan type. Reverse mortgage loans are not all we do, but they are our specialty.
We understand the importance of offering all loan products to our consumers. Yes, you most likely found us with a reverse mortgage Google search and we would love to help you with your reverse mortgage. We do specialize in them and we do a good job of it as evidenced by our countless reviews.
You are required to pay your property taxes, insurance and any other charges associated with your property. You are required to continue to pay property taxes, homeowners insurance and any other property related charges like you currently do and as you would do with any other loan type. Reverse mortgage loans are not all we do, but they are our specialty.
We understand the importance of offering all loan products to our consumers. Yes, you most likely found us with a reverse mortgage Google search and we would love to help you with your reverse mortgage. We do specialize in them and we do a good job of it as evidenced by our countless reviews.
Services
We've taken great pride to establish our reputation as the best reverse mortgage company that takes care of its customers and values its employees.
We work very hard for our senior clients to ensure the highest quality of life during their retirement years.
MLS Reverse Mortgage is a leader in the reverse mortgage lender industry.
We are your Reverse Mortgage Advisors, providing loans throughout Washington State.
We have an Exemplary A+ rating on the Better Business Bureau with several reviews from satisfied clients.
We work very hard for our senior clients to ensure the highest quality of life during their retirement years.
MLS Reverse Mortgage is a leader in the reverse mortgage lender industry.
We are your Reverse Mortgage Advisors, providing loans throughout Washington State.
We have an Exemplary A+ rating on the Better Business Bureau with several reviews from satisfied clients.
A reverse mortgage is a loan, secured by a home, where repayment is deferred until a later date, typically when the home sells.
There are 2 main differences between a reverse mortgage and a traditional mortgage.
With a reverse, the payment stream is reversed.
Rather that you making monthly payments to the bank, you are able to receive funds in a monthly payment to you or a lump sum.
The second thing is that you balance on traditional mortgages decrease month to month since you are making principal and interest payments.
There are 2 main differences between a reverse mortgage and a traditional mortgage.
With a reverse, the payment stream is reversed.
Rather that you making monthly payments to the bank, you are able to receive funds in a monthly payment to you or a lump sum.
The second thing is that you balance on traditional mortgages decrease month to month since you are making principal and interest payments.
In this brief outline, you will find information about reverse mortgages.
The information is designed to help you make a good decision as to whether unlocking home equity with a reverse mortgage is a good option for your current situation and financial needs.
You have most likely seen the TV ads with celebrity spokespeople promoting the benefits of a reverse mortgage.
Maybe someone you know, such as a friend or relative has a reverse mortgage.
Maybe you have a negative view of a reverse mortgage because someone told you they were expensive and you took the advice at face value.
The information is designed to help you make a good decision as to whether unlocking home equity with a reverse mortgage is a good option for your current situation and financial needs.
You have most likely seen the TV ads with celebrity spokespeople promoting the benefits of a reverse mortgage.
Maybe someone you know, such as a friend or relative has a reverse mortgage.
Maybe you have a negative view of a reverse mortgage because someone told you they were expensive and you took the advice at face value.
HUD requires every prospective reverse mortgage loan borrower to complete a reverse mortgage counseling session.
For a list with counselors near you, please contact Pat O'Neil at (855) 500-9260.
The items will be provided by the counselor, however, the lender can provide them as well.
Loan Comparison - The loan comparison results provide a side by side comparison of available reverse mortgage loan products.
It summarizes the estimates of available proceeds, fees, rates and margins.
Total Annual Loan Cost Disclosure - The total cost of any reverse mortgage loan depends on how long you keep the loan and how much your house appreciates in value.
For a list with counselors near you, please contact Pat O'Neil at (855) 500-9260.
The items will be provided by the counselor, however, the lender can provide them as well.
Loan Comparison - The loan comparison results provide a side by side comparison of available reverse mortgage loan products.
It summarizes the estimates of available proceeds, fees, rates and margins.
Total Annual Loan Cost Disclosure - The total cost of any reverse mortgage loan depends on how long you keep the loan and how much your house appreciates in value.
We are developing a Senior Service Resource Directory, featuring service providers throughout WA State.
We've found that when seniors are considering a reverse mortgage, they or their family members are often times dealing with additional needs for the senior household.
Providers include in-home care, senior movers, Seniors Real Estate Specialist, activity centers, and more.
We'll be adding new businesses continually, so check back for updated listings.
We've found that when seniors are considering a reverse mortgage, they or their family members are often times dealing with additional needs for the senior household.
Providers include in-home care, senior movers, Seniors Real Estate Specialist, activity centers, and more.
We'll be adding new businesses continually, so check back for updated listings.
Reviews
Be the first to review MLS Reverse Mortgage.
Write a Review
