Oregon Reverse Mortgage News

Keeping Mom and Dad at Home

larrym — Tue, 02 Jun 2009 03:54:18 +0000

Generally, elderly parents want to remain living in their own home. However, remaining in the home becomes a concern when children see their parents slowing down, perhaps even having trouble with handling stairs and doing general daily activities. Yet, with parents' mental and physical health currently not creating problems, there seems to be no imminent need to search out support services or other accommodations for aging parents. This is now the time to evaluate the home to make it safe and secure for your loved ones -- now and in the near future -- in anticipation of aging disabilities that may occur. Help and support are available. The nation as a whole is more aware of elderly needs and services and products are becoming available at an outstanding pace.

Who is Eligible for a Reverse Mortgage in Portland, Oregon

larrym — Sun, 29 Mar 2009 08:29:07 +0000

I found this information and thought it would be extremely helpful to share with anyone considering a reverse mortgage, or anyone helping an aging loved one with this decision. At the end of this post I have a link to a FREE video that explains the basics of Reverse Mortgages. Check it out!

We’ve Moved!!

larrym — Tue, 10 Mar 2009 06:34:21 +0000

We've moved to a new company and location and are EXCITED about the future. Without going into a lot of details, it was time to make a move to a company that provided us with the opportunity to adapt to the changes in today's market. We have found that with American Nationwide Mortgage Company.

Can a Reverse Mortgage Help With Caregiver Burnout

larrym — Fri, 19 Dec 2008 18:49:26 +0000

many seniors are finding it hard to keep up with the stress associated with care for their loved ones. In some cases, a Reverse Mortgage can provide the funds to allow a loved one to stay in their home and either hire professional help to come in and provide care, provide funds for Adult Day Care, or provide the funds to allow the loved one to go into a professional treatment facility while the other remains in their home.

Foreclosures Affecting Oregon Seniors

larrym — Sat, 06 Dec 2008 21:35:24 +0000

Structured correctly, a Reverse Mortgage can provide a life line in these chaotic times to many Oregon senior citizens. Whether it is to pay off the current mortgage, freeing up $500 to $200 per month in mortgage payments that no longer need to be paid, or to provide additional funds to make ends meet on a monthly basis, a Reverse Mortgage might be right for you or your loved ones.

HUD Reverse Mortgage Guidelines for Purchasing a Home

larrym — Wed, 03 Dec 2008 00:50:46 +0000

HUD has recently posted a frequently asked questions regarding the use of a Reverse Mortgage to purchase a home on their web site. Please keep in mind that the lending limit in Oregon, as well as the rest of the country, for a Reverse Mortgage has been raised to $417,000. This does not mean that you cannot purchase a home with a Reverse Mortgage for more than $417,000, only that the amount that you qualify for will be based on $417,000. Your actual Reverse Mortgage qualification amount will still be based on your age and property value.

Use a Reverse Mortgage to Purchase a Home

larrym — Sun, 16 Nov 2008 01:22:34 +0000

As of 1/1/2009, seniors age 62 and older can use a federally insured Reverse Mortgage to purchase a home. Under the same HECM program that is being used by many seniors to access the cash equity in their home, seniors now have another tool to use when they look at purchasing a new home.

New Reverse Mortgage Loan Limits for Oregon

larrym — Wed, 22 Oct 2008 05:18:16 +0000

FHA HECM Reverse Mortgage loan limits have been increased to $417,000 for all counites. This will allow more Seniors to benefit from a Reverse Mortgage.

Can You Afford to Retire… or Stay Retired?

larrym — Thu, 14 Aug 2008 15:39:22 +0000

Those who plan to stay in their current home for many years, and who qualify for a Reverse Mortgage, could find that a wonderful solution is to trade their current equity for a more relaxing retirement. They need to speak with an expert who will put their long term best interests at heart. A properly structured Reverse Mortgage can provide access to he equity and well as protect it. A poorly structured one will deplete the equity quickly and leave the senior with few options in the future. For those who need to aggressively pay down their debt, or get better advice on retirement planning, a company like Financial Destinations, Inc (FDI) is a good alternative. FDI can provide a blueprint for paying debt off in a fraction of the time as well as access to CPA's, Financial Planners, Atty's, 24/7 access to a Physician, discounted prescriptions and an excellent investment product. For more information, visit www.MorriEquityGroup.com or call me.

Walk Yourself to a Longer Life.

larrym — Sun, 20 Jul 2008 06:03:59 +0000

What does walkscore.com have to do with a Reverse Mortgage? Nothing, and everything. A Reverse Mortgage can help you financially stay in your home, or move to a neighborhood that is more walkable, while walking can help you physically stay in your home.