A reverse mortgage in South Portland 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 South Portland 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 reverse mortgage is a loan available to South Portland seniors over the age of 62. It can be used in place of monthly payments and you are free to pay us as much or little as you want, whenever your heart desires!

What Benefits do Reverse Mortgages in South Portland Provide

Reverse mortgage home loans in South Portland ME can help you stay in your house while releasing equity from your home without impacting your cash flow. Your loan payments come directly out of the proceeds from your sale if you sell it before you die or when you pass away if there is no one else living in it at that time. You don't need to make monthly mortgage payments so this frees up more funds for things such as international or local travel, dental costs and entertainment etc.. When you qualify for a reverse mortgage home loan in South Portland ME, it gives you the opportunity to purchase or refinance a house. The main difference between this and a regular mortgage is that you don't have the commitment to monthly payments. You're still responsible for the loan, but you pay it back on your own terms.

Would You Qualify for a South Portland ME Reverse Mortgage?

A reverse mortgage is an innovative way to increase your cash flow by paying off a current mortgage and debt, without requiring monthly payments. Imagine what life would be like in South Portland ME if you were free of the burden of recurring bills - from mortgages, credit cards, medical expenses or car loans? The benefits are clear: You get access to cash easily, without having to sell your home or move out.

Are Reverse Mortgages in South Portland ME Worth Applying for?

As retirees enjoy their later years there will come a time when they really need options for extra funds --especially if they do not have pension plans or other benefits through previous employers. Potential borrowers should consider the reverse mortgage loan in South Portland ME along with all others before making final decisions about long-term financial security. A Reverse Mortgage Loan Product in South Portland ME 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.

Call Me - I Am Happy to Help

The following passage is about a process of applying for a Reverse Mortgage in South Portland ME: "Applying for this type of loan in no different from any other mortgages." I am your trusted and professional Reverse Mortgage lender in South Portland ME. I have been in the industry for over ten years, answering any questions homeowners may have about their financial future with a reverse mortgage. There is no cost or obligation to speak with me-put together some numbers or run some scenarios through my questionnaire form available on our website. If you're looking for the best reverse mortgage interest rate in South Portland ME, make sure to look at what types of loans are offered. Not only can rates vary from bank to bank but they may also fluctuate depending on which type of loan is chosen.

For those who do not live in South Portland, I also help out clients throughout these areas: Portland, Cape Elizabeth, Scarborough, Westbrook, Falmouth Something we’ve heard from our clients which are thinking about a reverse mortgage is they decided on us due to the fact we were local. That is particularly true whenever there is a local mortgage lender in South Portland that you can work together with directly.