Blog

Expanding Horizons: Our Exciting New Reverse Mortgage Licenses!

New Reverse Mortgage Licenses Across the United States! We are thrilled to announce a significant milestone in our journey – we are now licensed to offer reverse mortgages in a diverse range of states across the United States! These new reverse mortgage licenses allow us to serve many more homeowners aged 55+ across America! This…

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Navigating Inflation: How Seniors Can Protect Their Finances

Inflation is an economic phenomenon that affects people of all ages, but it can be particularly challenging for seniors. Fixed incomes and rising prices can create financial stress for older individuals who are often on a tight budget during retirement. In this blog, we will explore how inflation impacts seniors and discuss strategies to help…

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Stopping Foreclosure with a Reverse Mortgage: A Lifeline for Homeowners

Foreclosure is a daunting word that no homeowner wants to hear. It signifies the potential loss of the place they call home, a place filled with cherished memories and a sense of security. However, for homeowners facing financial challenges, foreclosure can become a grim reality. In such distressing situations, a reverse mortgage can emerge as…

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Leveraging a Reverse Mortgage as a Long-Term Care Solution

As the population ages, the need for reliable long-term care solutions becomes increasingly urgent. One innovative and often overlooked option that is gaining traction is the use of a reverse mortgage. These financial tools, typically associated with retirement planning, can serve as a strategic approach to funding long-term care needs. In this article, we’ll delve…

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Navigating Senior Divorce and the Role of a Reverse Mortgage

Life is full of unexpected twists and turns, and for the generation of baby boomers, navigating the challenges of retirement can sometimes involve unexpected hurdles such as divorce. Baby boomers, who have lived through significant social changes, are now facing the complexities of ending marriages later in life. This brings about unique financial considerations, including…

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Using the Coordinated Withdrawal Strategy as a Buffer During an Economic Recession

Retirement planning stands as a pivotal endeavor, demanding innovative approaches to ensure sustained financial stability during the later years of life. A strategy that has gained prominence in recent discussions is the Coordinated Withdrawal Strategy published in the Dec 2021 Journal of Financial Planning. This technique entails a distinctive withdrawal approach aimed at elongating the…

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The Importance of Choosing the Right Timing for a Reverse Mortgage

The right timing for a reverse mortgage can be quite important. A reverse mortgage is a financial product designed for homeowners aged 55 and older, which allows them to access a portion of their home equity while still living in their home. Selecting the right timing for a reverse mortgage is crucial because the amount you qualify for…

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Licensing

© 2019 Northwest Reverse Mortgage, LLC
Powered by Amerifund Home Loans Inc. NMLS #347051

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Licensed in Oregon, Washington, California, Idaho, Arizona, Texas and Florida.

Number:
Office: (800) 806-1472
Toll Free: (800) 806-1472
Fax: (541) 253-4370

Hours:
MON-FRI 8AM - 5PM

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Contact Us

Northwest Reverse Mortgage
10121 SE Sunnyside Rd
Ste 300
Clackamas, OR 97015
Phone: (503) 427-1667

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Northwest Reverse Mortgage powered by Amerifund NMLS #347051. Equal Opportunity Mortgage Broker licensed in Oregon, Washington, California, Idaho, Arizona, Texas and Florida. 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.