Call Today! 503-595-1600|Hello@KimDodgeReverse.com
FacebookLinkedInYouTubeSoundCloudInstagramTwitter

I Don’t Like Debt

When your mantra is I don’t like debt, it can be a big leap to look at a reverse mortgage. We join their story where… Janet completed a Reverse Mortgage with Kim Dodge’s team and promptly told her neighbor Farrah how the loan was changing her life for the better. Knowing her neighbors Farrah and Joels for over 20 years, Janet was adamant that they look into the Reverse Loan possibilities. Would a line of credit/loan on their house where they didn’t have to make a monthly principal and interest payments finally convince Joel to retire? And really, Farrah was tired of pinching pennies and ‘sitting around the house waiting to die’. Sounds dramatic of course (and she was not just sitting around, that’s for sure) but Farrah felt the tug of their advancing years and she was afraid that if they ‘didn’t get [...]

Cashflow, Dreams & the Duplex

Brian and Pam were not confident in the mortgage options presented to them. Their loan officer of many years only presented a traditional mortgage that wouldn't help cash-flow. As they entered into a new life phase, their home financing had to evolve too.  The Situation: Brian and Pam moved into one of their rental units, a one-floor duplex; no stairs for the sore knees. As they looked to retiring completely, they wanted to maximize their opportunity for better cash-flow. However, they had concerns about being able to do so with a duplex and keeping the property held in their trust. After talking with several large lenders and their original loan officer, their financial advisor recommended they pursue another viewpoint ~ one more strategically aligned with retirement, from a loan team that was local and who could compare multiple options side [...]

Dream Home in Retirement

Nan and Deb were ready for that dream home in retirement; a place for entertaining friends and family. Nan and Deb were ready for that dream home in retirement; a place for entertaining friends and family, space for a large garden, a potting shed and not to mention a stylish chicken coop.  Also important, one level living, accessibility to accommodate physical changes that aging brings. Do you stay in your current home, or buy a new one that fulfills the dream ‘RETIREMENT ENVIRONMENT’ you have been working so hard for? Financing Choices: Kim Dodge, their loan officer, put together loan options that included a conventional purchase loan with a required monthly principal & interest payment, and a Reverse Purchase loan, with NO required monthly principal & interest payment! When their awesome realtors found this forever home, the choice was [...]

Return to Home Page | Terms of Use | Privacy Policy | Email & Text Policy

Phone & Text (503) 595-1600 | Fax (530) 888-3773 (yes! It is (530) that's not a typo!)


Copyright © 2023 | Kim Dodge Reverse Mortgage | DBA of Zyng, Inc NMLS #76801 | Website Developed by Nerd Nest Media
Kim Dodge Reverse Mortgage is licensed in Oregon & Washington | P.O. Box 202, Welches, OR 97067 | Equal Housing Opportunity | NMLS Consumer Access Link

State of Oregon ORS 86A.196: A reverse mortgage is a loan that must be re-paid. Borrower retains title and the loan is due and payable when the last borrower no longer lives in the home as their primary residence. One Borrower must be 62; Borrowers must pay taxes, insurance and maintain the home. Failing to pay these amounts may cause the reverse mortgage loan to become due immediately and may subject the property to a tax lien or to possible foreclosure.

The lender may charge an origination fee, mortgage insurance premium, closing costs and servicing fees, if applicable; all or any of which may be added to the loan balance. The loan balance grows over time and interest is charged on the outstanding balance. Interest on a reverse mortgage is not deductible from the person’s income tax return until the borrower repays all or part of the reverse mortgage loan. Not tax advice, please consult your tax professional. When the loan is due and payable, some or all of the equity in the property with the reverse mortgage no longer belongs to borrowers, who may need to sell the home. Family members may refinance or otherwise repay the loan with interest from other sources.

This material is not from HUD or FHA and has not been approved HUD or any government agency.


FacebookLinkedInYouTubeSoundCloudInstagramTwitter
Go to Top