With a Bath reverse mortgage there is no need send in house payment.A reverse mortgage in Bath ME 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 Bath ME and I know that this could work out well for anyone in search of home-ownership or those who want more financial breathing room. A local mortgage company in Bath ME that specializes in reverse mortgages is looking to be of service to those who are seeking this type of financial assistance.

What is a Bath ME Reverse Mortgage

While a reverse mortgage is just like any other type of loan in Bath ME, it has some unique features. One such feature is that there are no monthly payments. The borrower can make the decision to make payments on their loans at any time and in whatever amount they want per month. Borrowers still need to keep up with taxes, insurance fees and maintaining the house itself as well as paying for utilities. Borrowers could face foreclosure with the reverse mortgage if those items are not paid. If you're interested in getting one then be sure to read through all aspects before signing. If, at some point during this time, you need income for your retirement living expenses, healthcare costs and other financial obligations, you can get funds from your reverse mortgage without having to sell your Bath ME property.

Is There a Reverse Mortgage Specialist in Bath ME?

When you work with us, we won’t bombard. Instead of spending millions on advertising the way many other Bath ME reverse lenders do, we pass that savings to our borrowers in the form of better interest rates and lower fees. So enjoy everything we have to offer while keeping a watchful eye over your wallet! We make it easy by helping you understand what type of program in Bath ME will work best for your specific situation and then connecting you with lenders who offer those types of options. It’s really as simple as 1-2-3…or should we say 3-2-1? (we don’t like repeating ourselves)

Do Both Me and My Spouse Have to Be on the Bath Reverse Mortgage Application?

Applying for a reverse mortgage in Bath is no different than any other investment. I recommend that you always do the first step to meeting with an expert from your local reverse mortgage company, who will be able to answer all of your questions and see if it meets what you want before committing yourself or even looking into one in greater detail. There are some conditions that come with getting a reverse mortgage in Bath . All applicants are responsible for the upkeep and maintenance of the house and must keep the property in good condition. The property that they receive the reverse mortgage for must be their main place of residence. Even if they own multiple properties, they must live at the one for which the mortgage is for.

Get Your Questions Answered

In order to get the best interest rates and fees for a reverse mortgage in Bath you will need to be diligent in your search. This means that you'll have to contact several different lenders but don't worry bestateuse we can help! We're an independent company so our only goal is give each customer the fairest rate possible, even if it's not with us. This is a great option for seniors in Bath 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. You're a busy senior, and we know that you have better things to do with your time than talking to many different reverse mortgage lenders in Bath . Give us a call today so we can provide all of the information for our specialized lending experience in one convenient conversation!

We help homeowners within these areas too: Woolwich, Brunswick, Topsham, Bowdoinham, Wiscasset We’ve noticed that almost all senior homeowners want to deal with someone local. This makes quite a lot of sense considering that choosing a reverse mortgage is a major decision.