A reverse mortgage in Augusta may be the answer you are looking for to help make your dreams a reality. Not only does it provide an excellent way of accessing money with low monthly payments, but there is also no need to pay back any interest at all while you are living in the home. I’m one of the top reverse mortgage loan officers in Augusta and I know that this could work out well for anyone in search of home-ownership or those who want more financial breathing room. The main advantage to taking out a reverse mortgage in Augusta is that the debt will be repaid after your death in one lump sum payment, including arrears and interest charges in some cases. That way your family won't have the financial burden of trying to settle your estate by paying off various creditors.

Doing Your Due Diligence When Getting a Reverse Mortgage in Augusta

We want to be the direct reverse mortgage lender in Augusta Maine you can always count on. That's why we do everything from processing loans, underwriting them and funding your purchase - all while making sure that serving current and past customers is the the main agenda for our clients. due by delivering regular Statements and notifications. There are limitations on the value. If you have a million dollar home, your Augusta Maine reverse mortgage loan would be based upon from the most recent FHA maximum limit and not that $1million worth in equity.

Would You Qualify for a Augusta Maine Reverse Mortgage?

The Augusta Maine reverse mortgage offers many benefits which include low interest rates and flexibility with payment terms (even being able to change them at will!). As such it's worth exploring whether a reverse mortgage might benefit me before I work on paying more monthly mortgage payments. There are limitations on the value. Currently, only a home's $822,735 is eligible for consideration of a reverse mortgage loan in Augusta Maine. This means if you have million dollar property and seek to use it as collateral in lieu of cash from another source such that an individual can live off it during retirement age without having any other income sources; then your maximum limit will be based on FHA limits instead with not regard to how much money they worth through resale or otherwise bestateuse there won't be anything left after taking out this sum and fulfilling all obligations owed against them by the bank when time comes due - even if they were sold at market rates well above what was originally put into them (i.e., 10 times more).

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

Reverse mortgages are often a great way to pay off your mortgage and get rid of debt. You may want extra cash, or need help figuring out how the reverse loan fits into your Augusta Maine retirement plan. Let’s work together so we can figure it all out! A reverse mortgage is an excellent way for many people to enhance their retirement lifestyle and can take away the burdens of financial stress. While this type of loan in Augusta Maine could be a great fit, it's important to do your research first.

I Look Forward to Hearing From You

Based on my years of experience I know you have questions. I am here to answer any of your questions about getting a reverse mortgage in Augusta Maine. There is no cost or obligation to speak with me, put your numbers together or run scenarios. I am here to help you determine if the reverse mortgage is the right option for you. This is a great option for seniors in Augusta Maine looking into retirement that hasn't paid their mortgage off yet. However, if you plan to move or sell your property then this loan isn't the right choice for you. This is bestateuse you will be required to pay it back once you move. If you don't already have the funds secured to pay it, then there may be a penalty. Reverse mortgages are one of the most misunderstood financial products available to Augusta Maine retirees today. This misunderstanding results in a lot of people missing out on this valuable resource. We want to help you understand how a reverse mortgage works so that you don't miss out on this great opportunity. You can use our free online guide or schedule an appointment with us today!

For any people not living in Augusta I also work within these metropolitan areas: Hallowell, Chelsea, Farmingdale, Manchester, Gardiner The one thing we’ve been told by our customers over and over again is that working together with somebody local is very important for them. It is especially true whenever there is a local reverse mortgage lender right in Augusta that you could work together with directly.