Increasing numbers of retirees are getting reverse mortgages in Bexley to help provide for their retirement plan.The best time to get a reverse mortgage is now! If you are in need of financial help, I am here for you. Give me a call and we can make the process as easy as possible. As one of the most experienced reverse mortgage specialists in Bexley, I am excited to help you take your first step towards a more financially secure retirement. HECM is not your typical mortgage in Bexley Ohio. We specialize in these bestateuse they are characterized by a unique set of features that allow you to convert the equity from your home into cash without having to sell it or take out monthly payments until the end. You can count on our loan officers' expertise when choosing one for yourself, and know that we will make sure our clients get what's best for them with every step forward.

Bexley Ohio Reverse Mortgage Lender

People are often weary of even considering reverse mortgages in Bexley OH bestateuse they think it's too good to be true. They have no idea what the catch is, and that this loan has been regulated by {HUD} for years as well as being insured by FHA. There are limitations on the value. If you have a million dollar home, your Bexley OH reverse mortgage loan would be based totally off of the prevailing FHA max limit and not that $1million worth in equity.

Do You Need Good Credit to Get A Bexley OH Reverse Mortgage?

Imagine what life would be like without a mortgage payment, credit card payments, medical bills or car payment. A reverse mortgage Bexley OH can help you pay off these types of expenses and increase your cash flow in the process! As you get older, your home equity can be an incredible source of wealth. However, there are a lot of misconceptions about how to use it to your advantage.

What is the First Step When Applying for a Reverse Mortgage in Bexley ?

Reverse mortgage loans in Bexley have been around for years but they recently bestateme more popular with people who are struggling financially or looking at retirement age bestateuse it has so many advantages: you don't need good credit, there is no monthly payment like regular home loan monthly payments can sometimes become on an ongoing basis - especially if interest rates rise; and most importantly your primary residence does not go into foreclosure just bestateuse someone falls behind temporarily. With all those perks combined what's not to love? Applying for a reverse mortgage in Bexley is no different than applying any other type of home-related loan; especially when considering its perks. There are many benefits from participating in this kind of investment opportunity which makes everything worth while: It helps homeowners maintain control over their property during life changes such as divorce, death, disability/injury preventing work outside the home.

Call Me - I Am Happy to Help

You may be eligible for a reverse mortgage in Bexley , but you'll need some pretty common documentation first. These include your ID and Social Security card as well as the corresponding award Statement or 1099 form from social security depending on how much money has been paid to that account in recent years. You also need current Statements of any mortgages owed, along with the declaration page of homeownership if it applies to your situation (things like trusts are considered outside requirements). I want to help you find out if a Bexley reverse mortgage is the right choice for your financial needs. I will provide information and answer any of your questions, so call me today! A reverse mortgage is a type of loan that you can take out in the event that you are at or near retirement age. A reverse mortgage in Bexley essentially allows seniors to access some of the equity they've built up in their homes, without having to sell it. There are couple of things you should know and understand. 1) It's important to understand that this type of loan isn't for everyone. Reverse mortgages have been called predatory by some bestateuse they may be more expensive than traditional loans, but there are advantages as well. 2) The interest rate on this kind of loan can be either fixed or adjustable. The adjustable rate loan offers more options. 3) You must continue to pay your property taxes, homeowner’s insurance and other property charges. You must also live in the home as your primary residence and take care of it. Reverse mortgages are an attractive option for seniors who want to use their home equity as a source of income and get some or all of the equity in their home. Reverse mortgages have been around since 1985, but they're only now becoming more popular with retirees.

We consult with borrowers within these locations as well: Gahanna, Mifflin, Grandview Heights, Blacklick Estates, Reynoldsburg There’s something to be said concerning the importance of meeting with someone face to face when it comes to real estate and finance. It’s particularly true when there is a local reverse mortgage lender right in Bexley you could work together with directly.