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At Northwest Reverse Mortgage, we help homeowners 55+ understand how reverse mortgages really work—without pressure, confusion, or big-lender runaround. Whether you’re exploring retirement options, refinancing, or purchasing a new home, our job is to give you clear answers so you can make the best decision for your future.
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Northwest Reverse Mortgage is recognized by trusted local media for providing clear, accurate guidance on reverse mortgages and retirement planning. Our President and Owner, Jeff Foody, has been featured on KOIN’s Wallet Wednesday and FOX12’s Local Business Spotlight, where he shares practical insights to help homeowners understand how reverse mortgages can support long-term financial stability. These appearances reflect our commitment to education, transparency, and putting clients first—every step of the way.
FOX12’s Local Business Spotlight
KOIN’s Wallet
Wednesday
Better Business Bureau Accredited
Northwest Reverse Mortgage is a locally based reverse mortgage company dedicated to helping homeowners aged 55+ understand how to use their home equity wisely and responsibly. We specialize exclusively in reverse mortgages—including FHA HECM and proprietary loan options—so we can provide clear, personalized guidance based on your goals, not a one-size-fits-all solution. Our role is simple: educate you, answer your questions honestly, and help you make informed decisions with confidence and peace of mind.
A reverse mortgage can provide homeowners aged 55+ with greater financial flexibility in retirement by allowing access to home equity without the requirement of monthly mortgage payments. Used thoughtfully, it can help reduce financial strain, support long-term planning, and create more options for how and where you choose to live. At Northwest Reverse Mortgage, we help you understand both the benefits and responsibilities involved, so you can decide with confidence whether a reverse mortgage fits your retirement goals.
A reverse mortgage allows eligible homeowners to eliminate required monthly mortgage payments while continuing to live in and own their home. This can help reduce fixed expenses in retirement and free up cash flow for everyday living, long-term planning, or unexpected costs. Borrowers remain responsible for property taxes, insurance, and home maintenance.
Reverse mortgages are designed to help homeowners remain in their homes while accessing available equity. As long as the home remains your primary residence and loan obligations are met, you retain ownership and control of your property. This stability can be especially valuable for those who wish to age in place and avoid disruptive moves later in life.
Funds from a reverse mortgage can be used in a variety of ways, depending on the loan program and your needs—such as supplementing retirement income, paying off an existing mortgage, covering healthcare costs, or purchasing a new primary residence. We help you understand how each option works so you can choose a structure that supports your long-term goals.
Let us know and one of our experienced lending professionals will be happy to help you out.
Northwest Reverse Mortgage is well-versed in every aspect of reverse mortgages. They made the process simple and easy to understand, with very efficient and prompt service. I would happily recommend them to my family and friends as honest and reliable professionals.
This was a huge decision for my wife and family, and the team guided us patiently every step of the way. They were always available, gave us reassurance, and helped us feel confident throughout the process. A huge weight has been lifted off my shoulders. Thank you, Northwest Reverse Mortgage.
I have been very happy with the staff at Northwest Reverse Mortgage. They were professional, helpful, and great at guiding me through all the requirements involved. They made the entire process much easier than I expected.
We begin by learning about your situation, goals, and questions. This initial conversation is educational and pressure-free, giving you the opportunity to understand how a reverse mortgage works and whether it may be a fit for your needs.
If a reverse mortgage makes sense to explore further, we walk you through the available loan programs and explain how each option works in plain language. You’ll receive clear, accurate information so you can compare choices and make informed decisions with confidence.
When you’re ready to move forward, our experienced team manages the details and keeps you informed every step of the way. We coordinate the process, answer questions as they arise, and move at a pace that feels right for you—ensuring a smooth, supportive experience from start to finish.
Reverse mortgages often come with questions—and that’s a good thing. Below are answers to some of the most common concerns we hear from homeowners considering a reverse mortgage. Our goal is to provide clear, straightforward information so you can feel confident and informed as you explore your options.
A: A reverse mortgage works by allowing someone aged 62 or older access to a portion of the equity in their home with no monthly mortgage payments due on what is borrowed. Many people use reverse mortgages to get rid of their current monthly mortgage obligation, open a line of credit that cannot be frozen, can grow over time, and requires no monthly mortgage payments; you can even purchase a new home with a reverse mortgage and live there with no monthly mortgage payments.
A: The optimal time to get a reverse mortgage is when home values are high and interest rates are low- this allows borrowers to maximize their benefit.
A: A reverse mortgage can provide additional discretionary income by eliminating a current monthly mortgage payment or giving access to home equity as cash, a line of credit, or monthly payments to the borrower allowing for more wiggle room in a budget and possibly giving the client the option of delaying social security or accessing other retirement funds.
A: Yes. You can sell the home at any time you decide. When the home is sold, the loan balance must be paid in full to satisfy the contract. Anything earned from the sale over the amount due on the loan is yours to keep.
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