RESOURCES
Reverse Mortgages and Resources for Seniors
A reverse mortgage is a special type of home loan for homeowners aged 62 and over that lets you convert a portion of your home’s equity into cash. The Home Equity Conversion Mortgage (HECM) is the Federal Housing Authority’s reverse mortgage program and is the most common reverse mortgage. Unlike a traditional home equity loan or second mortgage, borrowers do not have to start repaying the loan right away. Repayment is deferred until you no longer use the home as your principal residence or until you fail to meet the obligations of the mortgage. The HECM is a safe plan that can give older Americans greater financial security. Many seniors use it to supplement Social Security, meet unexpected medical expenses, or make home improvements. Because a reverse mortgage creates a lien on the property, a specific type of counseling is required before you can receive the loan. Contact us to determine if a reverse mortgage is right for you.
A reverse mortgage is a special type of home loan for homeowners aged 62 and over that lets you convert a portion of your home’s equity into cash. The Home Equity Conversion Mortgage (HECM) is the Federal Housing Authority’s reverse mortgage program and is the most common reverse mortgage. Unlike a traditional home equity loan or second mortgage, borrowers do not have to start repaying the loan right away. Repayment is deferred until you no longer use the home as your principal residence or until you fail to meet the obligations of the mortgage. The HECM is a safe plan that can give older Americans greater financial security. Many seniors use it to supplement Social Security, meet unexpected medical expenses, or make home improvements. Because a reverse mortgage creates a lien on the property, a specific type of counseling is required before you can receive the loan. Contact us to determine if a reverse mortgage is right for you.
Resources for Veterans
As a veteran you may be eligible for special homeownership or homebuyer assistance. Call us today if you are interested in learning more about available programs that meet your current needs.
If you know a veteran who is homeless or at risk of homelessness, the Veteran’s Administration provides help. Each VA Medical Center has a specialist on staff that provides assistance, and veterans and their families can get housing vouchers and other assistance.
The Washington State Department of Veteran Affairs operates several homes for veterans. Visit their website for more information.
As a veteran you may be eligible for special homeownership or homebuyer assistance. Call us today if you are interested in learning more about available programs that meet your current needs.
If you know a veteran who is homeless or at risk of homelessness, the Veteran’s Administration provides help. Each VA Medical Center has a specialist on staff that provides assistance, and veterans and their families can get housing vouchers and other assistance.
The Washington State Department of Veteran Affairs operates several homes for veterans. Visit their website for more information.
Resources for People with Disabilities
If you or someone in your household has a disability, you may qualify for homebuyer assistance, assistance with home modifications, and more. There are a variety of federal, state, and local programs that may be able to assist you depending on your needs. Contact us today to learn more.
If you or someone in your household has a disability, you may qualify for homebuyer assistance, assistance with home modifications, and more. There are a variety of federal, state, and local programs that may be able to assist you depending on your needs. Contact us today to learn more.