You have come to the right place if you are looking for a professional and trustworthy local reverse mortgage specialist located right here in Portland ME. You can meet with one of our specialists face-to-face in your own home or at any one of our family friendly offices, just take a few moments to give us a call right now! There are many reasons seniors may be considering a reverse mortgage in Portland ME. The desire to have the peace of mind that comes with knowing they'll never outlive their income is an understandable one for those who've been preparing and living responsibly all these years - even if it's not always possible or easy to do so when we're young, healthy adults.

Benefits to a Reverse Mortgage in Portland ME

While a reverse mortgage is just like any other type of loan in Portland 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 retirement living living expenses, healthcare costs and other financial obligations, you can get funds from your reverse mortgage without having to sell your Portland ME property.

Who Should I Talk to in Portland ME About a Reverse Mortgage?

Apply today to get approved for a reverse mortgage that will suit your needs. There are limitations on the value. Currently the maximum value give to a home would be $822,735. In other words, if you have a million dollar home, the reverse mortgage loan would be based off of the FHA maximum limit in Portland ME, not the million dollar value.

Is Applying for a Reverse Mortgage in Portland an Easy Process?

Backed by destatedes of experience, we are the professionals with regards to reverse mortgages in Portland . Unlike some other mortgage companies that offer a wide variety of loans and services - our focus is solely on helping homeowners feel secure in their homes as they age with ease. A Reverse Mortgage Loan Product in Portland comes with pros and cons depending on your individual financial situation; potential borrowers are advised to always do thorough research about this matter since there's never just one solution or answer.

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A reverse mortgage is an excellent way for many people to take away the burdens of financial stress. While it may seem like a good idea, be sure you do your research first before taking any action on this subject matter. A reverse mortgage in Portland is an excellent way for many people to enhance their retirement lifestyle or simply take away the burdens of financial stress. While it is a great choice for many, it's important to do your research first. If you plan to move out of your home within the next few years, this loan is not right for you. There are closing costs which you must be prepared for if you plan to leave.All applications must meet the income and credit qualifications to be considered for this loan. A reverse mortgage is not for everyone. Be wary of the sales pitches, but also take advantage of the services offered by independent counselors in Portland to understand more about your options and what you'll be getting into in a lot more detail before signing on that dotted line! Seniors can now have access to the financing they need with our specialized lending experience. Give us a call and find out how we could get you on your way in minutes!

We deal with clients within these places too: South Portland, Falmouth, Westbrook, Cape Elizabeth, Scarborough There’s something to be said in regards to the significance of meeting with someone one on one when it comes to real estate and finance. Truth be told all of us understand this. Why wouldn’t you do business with someone over the phone when you can seek advise from someone in Portland face-to-face?