28 THE CHARBONNEAU VILLAGER
August 2019
Discover the Truth about Reverse Mortgages
Over the past several years, a host of federal rule changes have begun to
shine a more positive light on the idea of the reverse mortgage. But even with
reverse mortgages bringing more borrower protections than ever before and
drawing closer to the mainstream, many homeowners still hesitate to pursue
them in fear that they’ll be left with no equity or home to pass on to their loved
ones.
Fortunately, Jeff Foody with Northwest Reverse Mortgage works tirelessly to
weed out the misconceptions and downright untruths that have perpetuated.
He brings 17 years of experience in the reverse mortgage industry and ensures
his clients get the facts. “Access to reliable information and a seasoned expert
makes a huge difference during retirement planning and execution,” explains
Foody. He urges anyone who is mulling over their retirement options to seek
out an expert for guidance on how to best utilize their home equity to secure
their future.
“Hesitations and concerns are usually bred from a lack of information,” Foody
says. “Accurate information overcomes most objections. Either the reverse
mortgage works or it doesn’t. There’s really no in-between.” That’s why Foody
has become determined to provide this much needed education- by way of
reverse mortgage seminars- throughout the Pacific Northwest.
Foody firmly believes that providing Oregon residents with personalized sem-
inars based on their own concerns is the best way to get the whole truth to
the many retirees who are missing out simply because they just don’t know.
Whether they need help buying a home that’s better suited to their situation
or need to access some of their current home’s equity, Foody and his team
have the reverse mortgage expertise that most banks and traditional mortgage
companies lack. “There is no one else in the state of Oregon that is remotely
close to the level of experience that we have at Northwest Reverse Mortgage,”
says Foody, highlighting his depth of knowledge within the industry. “My blood
runs in reverse,” he jokes.
Northwest Reverse Mortgage gives every client personal attention to better
understand their needs and help them achieve the best possible outcome.
Foody notes, “Having somebody come to your house and explain all of the
difficulties and details of the program is one of the reasons people choose us.”
Due to misinformation and misconceptions, some homeowners may not fully
understand reverse mortgages or their value. But, as Foody notes, “In reality,
this program can provide multiple financial options that people did not know
were available to them.”
“Our seminars are very easy going,” Foody explains. Several scenarios are
discussed over dinner and those interested can ask all the questions they de-
sire. “The guests that come to dinner with us learn more than they thought
they would, and they love listening to everyone’s questions and stories. It re-
ally brings everyone together and offers an experience a one on one meeting
would not.” Foody explains.
Attend one of our upcoming seminars to learn more.
RSVP at 503-427-1667 or www.nwreverse.com.
Northwest Reverse Mortgage, LLC. NMLS-1834787. Equal Housing Lender. Credit on approval. Terms subject to change
without notice. Not a commitment to lend. Contents not provided by, or approved by FHA, HUD or any other government agency.
All potential tax benefits should be verified with a professional licensed tax advisor. http://www.nmlsconsumeraccess.org/
EntityDetails.aspx/COMPANY/1834787
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.
ARE YOU 60 OR OLDER?
HAVE A MEAL ON US and uncover the realities of the
NEW reverse mortgage, now available to people as
young as 60! NWRM is hosting RSVP only
seminars at three area restaurants!
Call us today to RSVP! 503-427-1667
www.nwreverse.com
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