Reverse Mortgage expert Jeff Foody was featured on KOIN’s Wallet Wednesday on July 28th, 2022 to discuss how a reverse mortgage can be used as part of a robust retirement plan.

Reverse Mortgage expert Jeff Foody was featured on KOIN’s Wallet Wednesday on July 28th, 2022 to discuss how a reverse mortgage can be used as part of a robust retirement plan.

When planning for retirement, homeowners may have an option to use their home equity to fund their retirement plans and free up discretionary income. Jeff Foody with Northwest Reverse Mortgage was featured on KOIN’s Wallet Wednesday in July 2022 to discuss ways retirees and retiree hopefuls can use a reverse mortgage as part of a robust retirement plan that can allow for a greater quality of life.

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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

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

Idaho Branch
950 W Bannock St
Suite 1100
Boise, ID 83702
Phone: (208) 635-0806

California Branch
17901 Von Karman Avenue
Ste 642
Irvine, CA 92614
Phone: (650) 844-6655

Washington Branch
1420 Fifth Ave
Ste 2200
Seattle, WA 98101
Phone: (253) 237-1996

Mortgage Brokers

Gresham Area
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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.