Forgotten Your Password?

Need to Register?

Question Icon

reverse mortgage lenders in Oregon? on my current mortgage i owe $65K

by kbirdie4432245 from Oregon City, Oregon. Jun 29th 2015 Reply


Manny Gratz (MDGratz)
#593 ranked lender in California - 8 contributions

We do Reverse Mortgages in Oregon, give us a call. 760-723-2232. -Manny Gratz

Jun 29th 2015
1
0
William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,795 contributions

More info would be needed.. owing $65K on a home worth $65K, then you cannot do a RM.. but if your home is worth $350K and you only owe $65K, then you can do something.. Also, RM's loan to value's are based on the youngest borrowers age.. the older you are, the more you can take out.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jun 29th 2015
1
0
Subscribe to our news feed.