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Bellevue Reverse Mortgage
Reverse Mortgage Specialist, Bellevue, WA.
Washington Reverse Mortgages
Washington Reverse Mortgage Specialist
Jim Nelson is a Senior who devotes his life to helping other Seniors. He has years of Reverse Mortgage experience featuring in-person as well as telephone consultations.Able to transact reverse mortgages in 50 states, he specializes in Washington Reverse Mortgages... Read More
Jim Nelson - Reverse Mortgage Specialist
Tel - 1-800-482-5790
5506 152nd Pl SE
Bellevue, Wa 98008
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Reverse Mortgages in Bellevue, WA.
If you are a resident of Bellevue, WA. and are looking for a Reverse Mortgage then please read on. This page contains information on the Bellevue reverse mortgage. The specialist listed above is a local provider of reverse mortgages, and can assist you in the loan process. Benefits and highlights of the Bellevue reverse mortgage are listed below.
A Reverse Mortgage is a federally-insured home loan that lets a homeowner convert a portion of the home's equity into cash. The equity can be paid to you, the borrower, in one large lump sum, in monthly term or lifetime payments, or be retained in an interest bearing account until the funds are needed. With a Bellevue reverse mortgage, unlike a traditional home equity loan or second mortgage, NO REPAYMENT of the loan is necessary, so long as the borrower lives in the home. This makes it a good source of Tax Free Retirement Income. Additional benefits and highlights of the Bellevue reverse mortgage are listed below.
Bellevue Reverse Mortgage Requirements:
- >>Borrowers must be Age 62 years or older
- >>Own their home and have enough equity in to qualify
- >>Occupy the home as primary residence
- >>Receive counseling by an approved HUD/FHA counselor
- >>The home must be in reasonably good repair
Bellevue Reverse Mortgage Payment Options
- >> Lump sum disbursement
- >> Monthly payments
- >> Line of credit
- >> A combination of the Above
Bellevue Reverse Mortgage Loan Amount
The amount of a reverse mortgage loan is based on several factors.
- >> Age of the youngest borrower
- >> Value of the home
- >> How much is owed on the home (if any)
- >> Current interest rate
To learn more about reverse mortgages in Bellevue, WA. please request a free Reverse Mortgage Quote online. There is no obligation, and the information is free. You may visit the following link to return to the Senior Reverse Mortgage home page.
