You're in luck! You just landed on the website of one of the top reverse mortgage lenders in Yarmouth ME. I am more than happy to help answer any questions and determine if this is a good option for you, so don't hesitate to shoot me an email with your questions. A local mortgage company in Yarmouth ME that specializes in reverse mortgages is looking to be of service to those who are seeking this type of financial assistance.

What Are the Benefits to Getting a Reverse Mortgage in Yarmouth ME

We specialize in the Yarmouth ME Home Equity Conversion Mortgage or {HECM}, also known as a reverse mortgage. It is all we do - our specialty lies within this type of loan. When you work with us you know that your questions will be answered and no stone left unturned to make sure everything is up-to-date for your financial needs now and into the future bestateuse it's what we're experts at! We'll take you step-by-step throughout the process from start-to-finish so that you don't end up wasting time or money on any unnecessary fees or services.

What Age Do You Need to Be To Get A Reverse Mortgage in Yarmouth ME?

A reverse mortgage is a great way to provide for yourself in retirement or take the financial pressure off your shoulders. While it's an excellent choice, doing thorough research before you decide on anything will help guide the decision-making process and make sure that this loan option available in Yarmouth ME fits with what you need. If you plan to spend retirement in your home, then reverse mortgage lenders in Yarmouth ME can help make that possible. This equity loan is similar to a regular mortgage, clients will get monthly Statements that show their balance and interest rates. The main difference is the extremely flexible payment option.

I Had a Bankruptcy - Can I Still Get a Yarmouth ME Reverse Mortgage?

We're the experts when it comes to reverse mortgages in Yarmouth ME. Comparing a specialist like us against one of those other mortgage companies would be crazy! You wouldn't believe how many people have their entire lives thrown for a loop bestateuse they trusted an amateur. If you're feeling hesitant about using a line-of-credit in Yarmouth ME on top of everything else going on financially right now don't worry! While there is always some risk when borrowing money at all times not just during good economic periods this type of loan may be one thing that helps keep things stable - particularly if interest rates continue to rise steadily.

Have Questions? - Call Me

You may be eligible for a reverse mortgage in Yarmouth ME, but you'll need some pretty common documentation first. These include your ID and Social Security card as well as the corresponding award Statement or 1099 form from social security depending on how much money has been paid to that account in recent years. You also need current Statements of any mortgages owed, along with the declaration page of homeownership if it applies to your situation (things like trusts are considered outside requirements). A reverse mortgage in Yarmouth ME 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. Our professionals are available to answer any questions you may have about our reverse mortgage loans in Yarmouth ME. We hope that we can help empower and educate you as well so that when the time comes, if it is right for you, your decision will be easy. The key to getting the best deal on a reverse mortgage is doing your research. You need to contact several different reverse mortgage lenders in Yarmouth ME and get quotes from them in order to determine which lender you want work with - after all, they're not going anywhere!

For those who do not reside in Yarmouth, I also help borrowers in these locations: Cumberland, Freeport, Cumberland Center, North Yarmouth, Falmouth Among the most important things to our potential clients is the fact that we’re local and that they could speak to us face to face. There’s no need to work with a lender that is not local when it’s possible to meet directly by using someone in Yarmouth.