Let us help take the confusion out of deciding to get a reverse mortgage here in Cape Elizabeth ME. You will be able to speak with one of our qualified specialists who will ask you a series of questions and then make recommendations for your best course forward based on what they find in their evaluation. If you're a senior homeowner in Cape Elizabeth who's over the age of 62, then you may be able to qualify for a reverse mortgage. This is an equity loan that can make it possible for you to stay in your home after you retire. You won't have to worry about how you're going to make monthly mortgage payments again.

Reverse Mortgage Specialists Cape Elizabeth ME

People are often weary of even considering reverse mortgages in Cape Elizabeth Maine 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. Getting a reverse mortgage is not something that everyone in Cape Elizabeth Maine wants to do. It can certainly be difficult to understand and there are many misconceptions about the process.

Do You Need Good Credit to Get A Cape Elizabeth Maine Reverse Mortgage?

The Cape Elizabeth 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. We make it easy by helping you understand what type of program in Cape Elizabeth Maine 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)

Is it a Difficult Process Getting Approved for a Reverse Mortgage in Cape Elizabeth Maine?

Applying for a reverse mortgage in Cape Elizabeth Maine is the only way to get your retirement fund on autopilot. You can finally spend more time with friends and family without worrying about how you're going to pay off old financial obligations such as that car loan or credit card bill, bestateuse all of those are taken care of by their monthly payments! Apply today so we can find out if it's right for you! A reverse mortgage in Cape Elizabeth Maine can be a good option for people who either want to move, are struggling financially or have some other reason that would make it difficult for them live in their home. However, you will need documentation like your ID and Social Security card to apply.

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A fixed interest rate is a common option if you are using your reverse mortgage in Cape Elizabeth Maine to buy or build another home. You will know exactly how much you owe at all times and the risk of making payments for repairs on your property in advance goes away, but there can be limitations set by lenders when it comes to these loans since they do not offer as many options with this type of plan. I am a reverse mortgage lender in Cape Elizabeth Maine and I have been in this business for destatedes. So, if you are considering getting one of these loans, contact me! There is no obligation to speak with me but it will be worth your while bestateuse my years of experience means that I can help you make the best decision possible. Whether or not a loan makes sense varies from person to person so call soon before time runs out on us! Our experienced lending team will help you find the perfect reverse mortgage in Cape Elizabeth Maine to suit your needs. Give us a call today and we'll put our expertise in financing to work for you!

We talk with borrowers within these places too: South Portland, Scarborough, Portland, Old Orchard Beach, Westbrook Founded on what we hear from our customers, they want to work with a local specialist. There is no reason to work with a lender that is not local when you are able meet directly with a lender in Cape Elizabeth.