It's really a sensible move to get yourself a reverse mortgage in Kittery to be able to improve your income.You can live your whole life in a single place, and when it comes time to retire many people are concerned about how they will afford living expenses. A reverse mortgage in Kittery ME is one option that allows you to stay in the home you know as well or better than any other location while still receiving monthly payments. This arrangement covers all of your housing needs at an affordable cost! Do you need a reverse mortgage in Kittery ME? We are specialists in the Home Equity Conversion Mortgage or HECM, also known as a reverse mortgage. It is all we do! When working with us you know that our Kittery loan officers can answer any questions and will help structure your loans to meet both present needs and into the future.

A Simple Guide to Kittery ME Reverse Mortgage Loans

You could be a homeowner and retiree at the same time! Reverse mortgages Kittery allow you to convert your unused funds back into a line of credit. You can change how the loan is structured, from monthly payments to line of credit with no income or age restrictions. A reverse mortgage is a great option for those homeowners that want to maintain their independence and don't have an urgent need to sell the house. A reverse mortgage is a financial tool available in Kittery that lets you convert the equity in your home into cash. The loan has no monthly payments and it never needs to be paid back, as long as you're living there! You can use this money any way you want: for retirement, college tuition or even for an emergency fund. But if anything happens- like say we have another downturn in property values - then make sure all of those other plans are still intact bestateuse they could help sustain your lifestyle during tough times too

Who Is the Best Reverse Mortgage Lender in Kittery ?

The vast majority of homes in Kittery would qualify for a reverse mortgage. These types of homes include single family, manufactured homes where you own the land, town homes and multi family homes. Condo’s can qualify as long as the HOA meets certain FHA requirements. Homes that are unusual such as dome homes and A Frames may not qualify for a reverse mortgage. Homes that are in disrepair may not qualify as well. If you're looking for reverse mortgage lenders in Kittery we are who you need to call. The majority of lenders out there only offer one type of loan - mortgages. They may be experts in that field and not have the expertise needed when it comes to loans such as ours since they specialize solely on them which is why Reverse Mortgage Experts like us exist!

Is There Certain Steps to Take When Applying for a Reverse Mortgage in Kittery ME?

Applying for a reverse mortgage in Kittery ME 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 suits what you want before committing yourself or even looking into one in greater detail. The Kittery ME reverse mortgage is an excellent way for many people to enhance their retirement lifestyle or simply take away the burdens of financial stress. Do your research and know all about it before you decide a change in ways that will affect the rest of your life.

Our Friendly Helpful Staff is Here to Help

In order to get the best interest rates and fees for a reverse mortgage in Kittery ME 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. I am happy to answer any and all of your questions about getting a reverse mortgage in Kittery ME. I have a ton of experience, so feel free to ask me anything! You've been thinking about getting a reverse mortgage in Kittery ME for years and you're ready to take the leap. The first question is: Have I considered all my options? I'm excited to answer any questions you have about reverse mortgages! I've been working with them for years, so ask away. There's no obligation and it'll be my pleasure to see if a mortgage is the right option for you.

We assist homeowners within these areas as well: York Harbor, York, South Eliot, Eliot, Cape Neddick One thing we hear most from prospective borrowers is that they want to find out if we’re local. Truth be told all of us agree with this. Why on earth would you want to do business using a lender over the phone when you are able work with a lender in Kittery face to face?