When making important decisions about your mortgage and loans, information is paramount. At Stonebridge Mortgage we are dedicated to finding you the best mortgage option for you. We treat you like we would our own family so you can feel confident in your decision.
Reverse Mortgages can be tricky. If you are looking into getting a reverse mortgage Stonebridge Mortgage is here to provide you with the information you need. Each person’s situation is unique, and we will give you the information you need to make the decision that’s right for you. There are a few different options you can choose from.
Reverse Mortgage Options
- Each person’s situation is unique, so we are careful to gather all the pertinent information. We want to be informed to ensure that you are accurately informed. We work as your advocate, finding the right solution that works best for you.
- We pride ourselves on our many happy customer referrals. Our customers know they can send their loved ones to us to get correct answers and the best mortgage services. At Stonebridge Mortgage Group, Inc we will never pressure you into a loan. We are here to provide answers and help you make an informed decision.
- If a reverse mortgage loan is right for you, we will help you find the right lender and make your options clear and understandable. From the initial preapproval, to filling out the application, to signing the final loan, we are with you all the way.
Learn more about getting a reverse mortgage with Stonebridge Mortgage.
Important Information to Understand
- At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds.
- Charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees.
- The loan balance grows over time and interest is charged on the outstanding balance.
- The borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home.
- Interest on a reverse mortgage is not tax-deductible until the borrower makes partial or full re-payment.