Jeff Foody MLO #253303

Jeff Foody MLO #253303

Jeff Foody, President Northwest Reverse Mortgage MLO # 253303

Jeff Foody

President


Office: 1-800-806-1472
Fax: 1-800-806-1472

Profile

Jeff has been serving the reverse mortgage industry since 2002, a time when it was a relatively obscure concept. Since then, the industry has evolved to where reverse mortgages are widely understood and often used by thousands of homeowners who are 62 and older. Jeff has been called one of the countries foremost expert's on reverse mortgages and frequently presents the benefits to large audiences. He has been a speaker at the National Reverse Mortgage Lenders Association and other senior and retirement focused conventions. Jeff has been an integral part in the growth of many reverse mortgage divisions around the USA and has been recognized as one of Oregon's top producing reverse mortgage loan officers for several consecutive years. Jeff's experience working with every type of reverse mortgage over the years has granted him the authority of a seasoned professional and enabled him to provide exceptional service through education. As of 2019, he is the proud owner of his own reverse mortgage brokerage, Northwest Reverse Mortgage. His belief in the advantages of reverse mortgages is so strong that even his parents are happily enjoying one of their own. 



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Licensing

© 2019 Northwest Reverse Mortgage, LLC NMLS #1834787

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Contact Us

Northwest Reverse Mortgage
10121 SE Sunnyside Rd
Ste 300
Clackamas, OR 97015

Number:
(503) 427-1667

Hours:
MON-FRI 8AM - 5PM

Northwest Reverse Mortgage, LLC. NMLS 183-4787. Equal Housing Lender. Credit on approval. Terms subject to change without notice. Not a commitment to lend. Contents not provided by, or approved by FHA, HUD or any other government agency. All potential tax benefits should be verified with a professional licensed tax advisor. NMLS Consumer Access

At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds; charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees; the loan balance grows over time and interest is charged on the outstanding balance; the borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home; interest on a reverse mortgage is not tax deductible until the borrower makes partial or full re-payment.