
After 100 days working with a large reverse mortgage lender in another state, these clients were fed up with the red tape and hubbub. Watch the video to see how one phone call with Northwest Reverse Mortgage changed everything for them.
Jeff Foody, MLO253303 Owner of Northwest Reverse Mortgage explains how a reverse mortgage can help homeowners aged 60+ stretch their retirement savings and how to decide when the optimal time is for accessing your homes' equity as a financial security net.When you're looking for a knowledgeable, friendly team to guide you through the reverse mortgage process, Northwest Reverse Mortgage (NMLS 183-4787) is the team you'll love!
Jeff Foody, MLO253303 Owner of Northwest Reverse Mortgage explains how a reverse mortgage can help homeowners aged 60+ stretch their retirement savings and how to decide when the optimal time is for accessing your homes' equity as a financial security net.When you're looking for a knowledgeable, friendly team to guide you through the reverse mortgage process, Northwest Reverse Mortgage (NMLS 183-4787) is the team you'll love!
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About Us
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When you're looking for a knowledgeable, friendly team to guide you through the reverse mortgage process, Northwest Reverse Mortgage (NMLS 183-4787) is the team you'll love! We are passionate about assisting our clients! Our dedication to high-quality customer service and personalized, efficient reverse mortgage solutions is at the heart of everything that we do.
Are You Eligible
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This free assessment from Northwest Reverse Mortgage is meant to be a starting point in your research. A reverse mortgage is a very big step and is often the last loan people get; we take our job as your local reverse mortgage expert very seriously. We've created this free assessment to help take the guesswork out of the reverse mortgage process.
Reverse For Purchase
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Home Equity Conversion Mortgage (HECM) for Purchase (H4P) is a reverse mortgage that allows seniors aged 62 or older, to buy a new principal home using loan proceeds from a reverse mortgage. The HECM for Purchase Program provides the opportunity to purchase a new principal residence with HECM loan proceeds in a single transaction.
Proprietary Reverse Mortgages
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Proprietary reverse mortgages are loan programs offered by specific lenders and they are not FHA-insured. They are not bound by county lending limits or standard FHA requirements but do have their own set of qualifications that differ from the FHA-insured HECM program. As a non-recourse loan with no required monthly mortgage payments, a proprietary reverse mortgage carries some of the same features as a standard HECM.
Platinum Program
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Proprietary reverse mortgages are loan programs offered by some lenders and are not FHA insured. They are not bound by county lending limits or standard FHA requirements but do have their own set of qualifications that differ from the FHA insured HECM program. Platinum Program is Longbridge Financial LLC's proprietary loan program, and it is not affiliated with the Home Equity Conversion Mortgage (HECM) loan program, which is insured by FHA.
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