Take advantage of the capital from your reverse mortgage Park City to remodel your kitchen area and also bathroom.We can meet with you in the comfort of your own home or at one of our offices. We are local so we can get to know all about what you need and how it will help make living better for you. We live and breathe reverse mortgages in Park City Kansas. Our team is made up of experts who know the ins-and-outs of this specialized product. We'll create a HECM that meets your needs now, as well as in future years with customized plans to cover you for life's surprises! I’m one of the top reverse loan officers in Park City and I know that this could work out well for anyone in search of home-ownership or those who want more financial breathing room without having their homes foreclosed.

Choosing a Reverse Mortgage Lender in Park City Kansas

A Park City KS reverse mortgage is just a regular old loan, but it has some bells and whistles. The most notable thing about this kind of loan is that you're not obligated to make monthly payments if you don't want to; however, the things you do need to make payments on are taxes, insurance and maintenance. You do have the option of making your own payment at any time in whatever amount suits your needs - with no penalties! If, at some point during this time, you need income for a retirement plan living expenses, healthcare costs and other financial obligations, you can get funds from your reverse mortgage without having to sell your Park City KS property.

How Much Equity Do You Need to Get A Reverse Mortgage in Park City KS?

Our loan officers are required to attend continuous training on the reverse mortgage loans that are available in Park City KS as well as advanced planning and utilization techniques, in order to ensure that all of our clients are being served at their best. If you plan to spend retirement in your home, then reverse mortgage lenders in Park City KS can help make that possible. This equity loan is similar to a regular mortgage, clients will get monthly Statements that show their balance and interest rates. The main difference is the extremely flexible payment option.

Can People With Bad Credit Get Approved for a Reverse Mortgage in Park City ?

Applying for a reverse mortgage in Park City is no different than any other investment. I recommend that you always do the first step to meeting with an expert from your local reverse mortgage company, who will be able to answer all of your questions and see if it fits the things you need before committing yourself or even looking into one in greater detail. Assuming you will qualify for a reverse mortgage and you want to apply, you will need some pretty common documents. These include your ID, Social Security card, Social Security awards Statement, Social Security 1099, current mortgage Statement, homeowners declaration page. There may be other documentation needed depending on the scenario such as tax returns, trusts, bank Statements etc..

Call Me - I Am Happy to Help

I am here to answer any of your questions about getting a reverse mortgage. There is no cost or obligation to speak with me, put your numbers together or run scenarios. I will be able to help you determine if the reverse mortgage in Park City is right for you and what it can do for homeowners in retirement age; whether they are looking forward to retiring comfortably from their home equity without having undue risk on an unpredictable market, seeking financial stability after retirement years where interest rates may fluctuate dramatically depending on various economic factors that could affect them financially. If you plan to move out of your home in Park City within the next few years, this loan is not right for you. There are closing costs which you must be prepared for if you plan to leave. All applications must meet the income and credit qualifications to be considered for this loan. A reverse mortgage is a loan you take out on your Park City home that will allow you to receive cash payments or a lump sum in the future. You can use this money to pay off bills, make repairs on your home, or even leave it for your children when you pass away. But how old do you need to be? The answer is 62 years of age and have no outstanding loans against the house.A reverse mortgage can be a great way for seniors to tap into the equity they’ve built up in their homes without having to sell them or take out other loans.

For those owners not residing in Park City I also work in all these cities: Kechi (Township), Valley Center, Bel Aire, Grant, Park There’s something to be said in regards to the need for meeting with someone personally in relation to real estate and finance. Quite frankly I agree with this. Why would you want to do business with a lender over the phone when you can use someone in Park City in person?