Oregon Reverse Mortgage Info

Why does a Senior Citizen take out an FHA HECM Reverse Mortgage in Oregon? According to a 4 year old survey by AARP, the top five reasons are:

1. Cover expenses for health or disability
2. Improve quality of life
3. Pay off debt
4. Home repairs and improvements
5. Everyday and emergency expenses

I believe in today’s economy, we can also take note of the fact that an Oregon Reverse Mortgage has no income or credit requirements like a conventional or standard loan and therefore is often easier to qualify for. Foreclosure prevention is also high on the list of uses for an Oregon Reverse Mortgage.

Contact Us

If you have questions about a Reverse Mortgage and you are looking at these top five reasons, please contact one of us today at 541-342-7576. Alpine Mortgage Planning is located at 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. You can also e-mail Laurie here or Fred here. We are here to help you make the decision that is right for you. Reverse Mortgages are not for everyone, but they are an excellent choice for some people. Isn’t it time that you checked out the advantages of a Reverse Mortgage?

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