Reverse Mortgage Blog

Paying off a reverse mortgage is inevitable- at some point, the loan will need to be paid back. For adult children or heirs who inherit their parents’ housing assets with FHA (Federal Housing Administration)-insured HECM reverse mortgages, it can feel overwhelming. The impulse is often to find out how to get out of any mortgage…

The history of reverse mortgages in America starts with the HECM (Home Equity Conversion Mortgages) as they are known, which were formally established in the late 1980s by the federal government’s Department of Housing and Urban Development (HUD) after lobbying efforts pushed for seniors to be able to cash in on their home without having…

There are many mortgage lenders operating nationally which operate off of successful wholesale lending models, some of which have the resources to advertise phone numbers attached to centralized call centers. In addition to providing a lot of loan volume, these companies can also be powerful sources of education for reverse mortgage borrowers across the country,…

It is no secret that seniors are at an increased risk of fraud and often lose more in a fraud event than other demographics. On June 8th, 2021, the Portland, OR FBI released an article outlining one small subset of elder fraud: Real Estate Fraud. The article detailed schemes in which a fraudster takes advantage of their victims through real…

June 15th is World Elder Abuse Awareness Day, and COVID 19 has only increased our need for thoughtful and diligent work.   Elder abuse includes far more than physical harm, and during the growing isolation of the last year, rates of fraud, neglect, and financial exploitation increased. The National Center on Elder Abuse (NCEA) is working harder than…

NW Reverse Mortgage celebrates milestone, donates $1,000 to nonprofit organization Gresham Senior Center 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…

  When deciding on who to assist with your reverse mortgage, it’s important to know what you’re looking for in a loan officer. What do you value? What do you expect? If you value excellent service coupled with many years of experience and expect punctual and clear communication, Northwest Reverse Mortgage is the brokerage for you. We ONLY…

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

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…