If you say yes to the following questions there is a good chance you are eligible for a Reverse Mortgage in any state that is your primary residence. Here are five simple questions.

  • Is your current home your primary residence?
  • Are you (and your spouse) 62 or older?
  • Do you like your home and have plans to live there for a long time?
  • Do you own your home free and clear?
  • .........If not, is your current equity more than 50% of your home's current value?
  • Would having extra cash or earning interest on a line of credit benefit you?

Are your answers yes, yes, yes, yes, yes?  Give Jack Tenold a call at 509-710-2227.

Reverse Mortgage Guidelines changed in 2015.  The changes include a financial assessment (much like a conventional loan) which may make it more difficult for seniors to qualify.  Don't delay in learning whether you qualify for this type of refinancing opportunity.