Archive for the ‘reverse mortgage’ Category

How The HECM For Purchase Program Is Useful To Gresham Home Buyers

Posted by wadmin on Thursday, May 30, 2019

  What Is The HECM For Purchase Program? The Home Equity Conversion Mortgage (HECM) for Purchase is a reverse mortgage that allows seniors, age 62 or older, to purchase a new principal residence using loan proceeds from the reverse mortgage. In 2009, the HECM for Purchase program began as a way to use a reverse […]

Reverse Mortgages Gaining Acceptance In Gresham

Posted by wadmin on Tuesday, April 23, 2019

Once Controversial Reverse Mortgages Gaining Acceptance in Gresham Though some people remain skeptical of reverse mortgages, many are beginning to see reverse mortgages as a useful tool for those who lack enough savings to augment their retirement income. The bad reputation that Reverse Mortgages gained over the years was mostly due to overly aggressive brokers, […]

Reverse Mortgages Are Becoming More Accepted

Posted by wadmin on Thursday, March 14, 2019

Though reverse mortgages were once considered highly controversial, financial planners are beginning to see reversing your mortgage as a legitimate option for those who struggle with retirement savings. More and more people are finding it difficult to save up for a retirement fund. However, home equity “conversion” loans can aid those who have struggled to […]

Mortgage Services in Portland

Posted by wadmin on Tuesday, February 26, 2019

Where can you find quality mortgage services in Portland? Stonebridge Mortgage Group offers a wide variety of mortgage-based services to the Portland area. We are here to help guide our Portland clients through the ins and outs of their mortgage and loan processes. Stonebridge Mortgage Group offers a wide range of services. Portland home buyers […]

Residential Loan Services in Gresham

Posted by wadmin on Monday, February 18, 2019

Where can I go if I need help with a residential loan in Gresham? New home buyers and existing homeowners alike in the Gresham area can rely on the Stonebridge Mortgage Group for professional mortgage solutions. Whether you need help with securing a loan for your new home, figuring the ins and outs of reverse […]

How Does a Reverse Mortgage Work?

Posted by wadmin on Thursday, January 31, 2019

What is a reverse mortgage? A reverse mortgage allows homeowners of a certain age, 62 years and older, to borrow from their home’s equity without having to make monthly mortgage payments. As the borrower the homeowner may then choose to take funds in a lump sum, line of credit or via structured monthly payments. The […]