Retirement just got better: tap into your home's equity with a Mann Mortgage Reverse Mortgage.
Quite possibly the most powerful & useful loan program in the world, Reverse Mortgages allow you to use your home equity as YOU see fit - while still owning it.
What are reverse mortgages?
Reverse loans, also known as Home Equity Conversion Mortgages (HECMs), are a financial tool that allows homeowners aged 62 and older to tap into the equity of their homes while still living in them. With a reverse loan, homeowners can receive a lump sum payment, a line of credit, or a series of monthly payments. Reverse loans can provide seniors with financial stability, allowing them to cover expenses such as healthcare, home repairs, or travel. Additionally, reverse loans do not require monthly payments and can be used to pay off existing mortgage balances, making them an attractive option for those looking to reduce their monthly expenses. Reverse loans are an ideal option for seniors who have significant equity in their homes and intend to remain in their homes for the foreseeable future.
Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.
Reverse Mortgages at a glance.
- We offer flexible payment options, allowing borrowers to choose between a lump sum payment, a line of credit, or monthly payments.
- If you are at risk of losing your home due to financial difficulties, a reverse loan can help you stay in your home by providing you with the additional income you need to cover your expenses.
- Our Clatskanie branch serves the residents of Clatskanie, Oregon, and the surrounding communities, including Marshland, Woodson, and Quincy.
- We are dedicated to helping residents in these towns secure the right mortgage solution for their needs, whether they are purchasing their first home, refinancing an existing mortgage, or investing in real estate.
Applying for a home has
never been easier
Our quick and secure process takes less than 10 minutes to apply.
Learn more about
reverse mortgages
The benefits of a reverse loan include the ability to access your home equity without having to sell your home or make monthly mortgage payments, the flexibility to choose how you receive the funds, and the ability to stay in your home as long as you meet the loan requirements.
There are several alternatives to a reverse loan, including home equity loans, home equity lines of credit, and downsizing to a smaller home. It is important to weigh the pros and cons of each option to determine which is best for your individual needs and circumstances.
We offer competitive rates on reverse mortgage loans. This can help you save money over the life of your loan.
If you would like to know more about the reverse loan application process in Clatskanie, contact us today to find out more!
If you would like to know more about the reverse loan application process in Clatskanie, contact us today to find out more!
“I was initially apprehensive about Reverse Mortgages, but my banker recommended that I contact Mann Mortgage to discuss. We were glad we did. Our loan officer took us through the entire process, answered my numerous questions, and assured us that this product would meet our specific needs.”
Michael S.
Let's get you home.
0% down financing for homeowners 62 years and older. Our local loan experts will help guide you.
