Learn how one homebuyer used a reverse mortgage to gain a competitive edge with her offer in the current hot housing market.
© 2019 Northwest Reverse Mortgage, LLC NMLS #1834787
Idaho Branch #2123574
Licensed in Oregon, Washington, California and Idaho
Number:
Office: (800) 806-1472
Toll Free: (800) 806-1472
Fax: (541) 253-4370
Washington Local Contact:
(253) 237-1996
California Local Contact:
(650) 844-6655
Central/Southern Oregon Contact:
(541)226-3757
Northwest Reverse Mortgage
10121 SE Sunnyside Rd
Ste 300
Clackamas, OR 97015
Phone: (503) 427-1667
Idaho Branch
950 W Bannock St
Suite 1100
Boise, ID 83702
Phone: (208) 635-0806
Email:
Info@nwreverse.com
Hours:
MON-FRI 8AM - 5PM
Northwest Reverse Mortgage, LLC. ML- 5797/ CL-1834787/ DFPI# 60DBO-140333. Equal Opportunity Mortgage Broker licensed in Oregon, Washington, Idaho and California. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. 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.