Are you at a financial crossroad?
You have seen the TV ads, you read the mailer, are you ready to know how a Reverse Mortgage Loan may improve your retirement?
We are local, experienced and no-pressure, Reverse Mortgage Specialists
As a full-service Reverse Mortgage Broker, we are not captive to any one lender. We offer you choice and detailed, step by step recommendations. You receive the right loan for your needs and can be confident in your decisions. Most of our clients are referred to us by financial advisors, Realtors and our current clients. We keep our overhead costs low, allowing us to pass those savings on to you.
Somebody pays for all that TV advertising out there, but it is not us. Or more to the point, it’s not you when you work with our team!
Should another loan type be a better fit for you than a reverse mortgage, we can help you with that as well. Think about it, if a company advertises that all they do is reverse mortgages, do you think that some of their clients are being sold a reverse mortgage when they shouldn’t be? We hope not. We are qualified to look at all your mortgage options, and it’s what we mean when we say…
The Right Loan for the Right Reasons!
An FHA Insured or Jumbo Proprietary Reverse Mortgage loan may possibly put an end to the uphill climb financially.
For a straightforward conversation about your home equity options, contact Cheryl, Kim or Josh
Talk/Text at (503) 595-1600 Email Hello@KimDodgeReverse.com
How It All Comes Together ~ The Process
A real person with you every step of the way, how refreshing! Obstacles? Questions? Appraisal Hoo-Ha? We’ve seen it before.
We anticipate and prepare well in advance, to address any potential challenges that can turn up during the underwriting review. You may have noticed that a lot of mortgage companies do not offer reverse mortgages. It is not a ‘typical’ loan and you don’t want to trust your financing to a newbie. We do what we say can be done, and work diligently and transparently towards an uneventful loan closing every time.
Don’t get us wrong, we want to celebrate your success. “Uneventful” in the mortgage world, is the fastest way to get to your “Cheers” moment!
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And HUD counseling…we make it easier with a concise list of what is needed, a secure way to send documents or we’ll meet you face to face. As we said, a real person with you every step of the way.
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Your home is your castle. Let’s make sure the appraiser sees what you see. An Appraisal determines home value and is a primary factor in how large your loan amount or line of credit will be.
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We review all loan documents for accuracy and go through them with you before your signing. You have confidence all the way to funding and after! Questions come up, we are a phone call away.
Also called the “HECM”, one qualifying home owner must be Age 62+
The FHA HECM / reverse mortgage, provides access to home equity for needs or wants. Most appropriate for home values $1,209,825.00 or less.
Fixed Rate and Adjustable Rates with FHA’s unique Line of Credit feature. All options are compared side by side. That’s the easy part. The real work starts when we look to squeeze the most value out of this loan to meet your goals. We look to make your equity work harder than ever for you!
FHA Home Equity Conversion Mortgage Cash-Out Refinance
Jumbo Reverse For Higher Value Homes
For homeowners age 55+ in Oregon, age 60+ in Washington.
Imagine refinancing your existing jumbo loan & having no required monthly principal & interest payment, possibly getting cash-out to boot!
For higher value homes up to $10 million and loan amounts up to $6 million, Jumbo Reverse Mortgages are a cash-flow & portfolio longevity strategy. Borrower protections are similar to the FHA HECM.
Purchase a Home with a Reverse Mortgage Loan
Yes! You can buy a home with a Reverse Mortgage.
A Reverse Purchase loan may increase your buying power ~ the right home, in the right location you are seeking, with the amenities you have always wanted ~ and STILL no monthly principal & interest payments due. FHA & Jumbo Reverse options. Must be your primary residence, you pay property taxes, insurance, HOA if applicable, & maintain the home.