A reverse mortgage is a lot like a HELOC. It can offer homeowners aged 55+ a valuable additional source of income but with no required monthly mortgage payments. Older homeowners are often reliant on limited savings and funds from Social Security. They may find their options for additional cash constrained. Fortunately, there’s a secure and…
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© 2025 Northwest Reverse Mortgage, LLC
Powered by Amerifund Home Loans Inc. NMLS #347051
Numbers:
Office: (800) 806-1472
Toll Free: (800) 806-1472
Fax: (541) 253-4370
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info@nwreverse.com
Northwest Reverse Mortgage
13220 SE 172nd Ave
Ste #172
Happy Valley, OR 97086
Phone: (503) 427-1667
Northwest Reverse Mortgage powered by Amerifund NMLS #347051. Equal Opportunity Mortgage Broker. 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.