Blog

Donation helps ‘keep lights on’ at Gresham Senior Center

22003 blog

NW Reverse Mortgage celebrates milestone, donates $1,000 to nonprofit organization In celebration of hitting an amazing milestone, an Oregon company donated to a Gresham nonprofit center dedicated to uplifting local seniors. Northwest Reverse Mortgage presented a check for $1,000 to the Gresham Senior Center Wednesday morning, May 5. This donation commemorates the company saving customers…

Read More

Top 5 Reasons to Choose Northwest Reverse Mortgage

iStock-992096508-min

Customer Service – Our dedication to high-quality customer service and personalized, efficient reverse mortgage solutions is at the heart of everything that we NW REVERSE Mortgage is passionate about service and our testimonials prove it! Check them out on our website at www.nwreverse.com. Experience – We have the experience and drive to help you achieve…

Read More

Jeff Foody Explains What Makes Northwest Reverse Mortgage the Local Experts

Jeff explains NW reverse

Northwest Reverse Mortgage is the home of your local reverse mortgage experts licensed in Oregon, Washington, and Idaho. We are committed to quality service by educating our clients about their options. With almost two decades in this industry, Jeff Foody, President, and Owner of Northwest Reverse Mortgage leads a dedicated team of professionals who are…

Read More

Northwest Reverse Mortgage helps organize coat drive for domestic violence shelter

blog video

Northwest Reverse Mortgage Assists With Local Coat Drive PORTLAND, Ore. (KOIN) — Local businesses are getting involved to make sure families in need are staying warm during the colder months. They are asking for your help in their winter coat drive currently underway for the Bradley Angle domestic violence shelter. Breazy Wirth with Northwest Reverse Mortgage and…

Read More

Interview With Loan Officer Robin Rosa MLO 1402813

Changing employers during a pandemic is uncharted territory for most. Robin Rosa MLO 1402813 knows first hand what it is like as she decided to come on board as a Loan Officer with Northwest Reverse Mortgage just as the Coronavirus Pandemic was unfolding. We interviewed Robin recently about what it is like changing positions during this…

Read More

Reverse Mortgage After Last Borrower Leaving

Relaxed senior man outdoors

How does the last borrower leaving the home affect the reverse mortgage? Handling the estate of a parent or loved one is often a very emotional and stressful time for everyone involved. With everything else going on, dealing with the reverse mortgage servicer is often not the first thing on the list. Even though that…

Read More

Is a Reverse Mortgage Right for you?

Studying-Real-Estate

Statistically speaking, most people are not financially prepared for retirement. Older Americans hold the vast majority of their wealth in their home’s equity. Accessing home equity as cash through a reverse mortgage has given many seniors a financial safety net when they needed it most. Approaching the idea of a reverse mortgage can seem like…

Read More

5 HECM Advantages with a Reverse Mortgage

Senior-black-couple-dance-in-their-back-garden

Compared to single-purpose loans and traditional home equity loans or lines of credit, HECM (Home Equity Conversion Mortgage) loans are particularly advantageous for the senior borrowers they serve. HECM advantages can be seen in many different scenarios but the 5 HECM advantages listed below are some of the best features of the HECM  loan. HECM loans…

Read More

Saving After 60: How much are you really spending?

Honey, find me some tasty recipe for lunch

 It is a great idea to audit your monthly expenses at least once a year,  especially if there has been a lifestyle change. A lot can change in a year- costs, your lifestyle, your needs, your priorities; It is easy to let your spending spin out of control fast. Here is a list of some…

Read More

Want to keep up to date on the latest reverse mortgage news and information?
Sign up for our email newsletter here!

Follow Northwest Reverse Mortgage On Social Media

Northwest-Reverse-Mortgage-Logo

Call or Text Your Local Professional Now!

Licensing

© 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

Equal Housing Opportunity Logo

Contact Us

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

California Branch
17901 Von Karman Avenue
Ste 600
Irvine, CA 92614
Phone: (650) 844-6655

Hours:
MON-FRI 8AM - 5PM

Mortgage Brokers

Gresham Area
WCCC_Member_Logo-removebg-preview
BeavChamber-Proud Partner

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.