Our client Rosemary explains why she got a reverse mortgage and how it has helped her in her retirement.
Total Number of Reviews:
May 3, 2022
customer service was good. kept us informed of the process
February 4, 2022
Stephen and his team walked me through the process and made the experience easy to follow with very little stress. A big thank you to everyone in the team for making my dream a reality. I would recommend NWReverse to anyone exploring options on reverse mortgages.
February 1, 2022
Best decision I have made regarding my home. I am so happy I went with Northwest Reverse Mortgage and Greg Wacker was amazing to work with. Since I don't have a mortgage payment I am now able to put quite a bit of money in my savings account every month. And I am now able to buy gifts for my family. That is huge for me because I was always so strapped before!
August 17, 2021
NW Reverse Mortgage did all the work,, answered my questions, followed up, was patient while I and my husband talked it over, during which time, fortuitously, the rates changed a bit in our favor, and concluded our mortgage with a nice cash payout to us. Robin Rosa was lovely - very patient with me and worked hard for this account. I would recommend them to anyone - it's quite a jungle of paper signing, etc. to go through and I needed lots of explanation and help, which I got. We are very happy with our reverse mortgage, and might even revisit it in 4-5 years. Our property value seems to continue to increase, so it might be worth it. God bless you guys!
April 15, 2021
Very good experience, helpful and pleasant staff.
"I have known Jeff Foody for close to 10 years and have used him on multiple deals including my Mother and my mother in law. He is extremely knowledgeable and very professional. If you have someone that is wanting the best person to help you with a reverse mortgage Jeff is the only choice for the job."
Premiere Property Group, LLC
Oregon Real Estate Broker since 2003
"I have had the privilege of knowing and working with Jeff Foody and his reverse mortgage team for the past number of years. Jeff is a man of integrity, ingenuity, professionalism and true expertise in the area of reverse mortgages. When it comes to the invaluable option of a reverse mortgage, there is no one else with more experience or with whom I would trust more, for both my own personal business as well as my referrals, than Jeff Foody and his team at Northwest Reverse Mortgage.”
Old Republic Title
Business Development Specialist
“I’ve known Jeff Foody for over a decade. He knows the reverse mortgage industry inside and out. No one has more knowledge than Jeff on the subject. More importantly, he takes great care to thoroughly answer all questions asked of him and makes sure everything is done correctly. I fully endorse Jeff Foody. Shawn Lindsay, Oregon Attorney.”
Harris Berne Christensen LLP
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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.