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OR Reverse Mortgage in Oregon

If you’re a homeowner 62 years or older, consider the tax-free income benefits of a Reverse Mortgage.  Unlike a regular mortgage, with reverse mortgages the lender makes payments to you.  OR residents can choose to receive the money from a reverse mortgage in fixed monthly payments, a line of credit, or in a lump sum.  More than 55% of borrowers choose the line of credit, which allows you to draw from the loan at any time.

 

The amount of your reverse mortgage is determined primarily by your age and appraised home value.  To find out just how much you can get, speak to one of our Reverse Mortgage Specialists today!

Local bad credit reverse mortgage directory for OR :
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Oregon News
Oregon - Central And Southern Oregon Hardest Hit By Economic Downturn

Tough economic times are when Oregonians count on the Oregon Department of Human Services the most, and new figures for October show marked increases in applications for assistance.


Board Adopts Recommendations To Overhaul Oregon Health Care System

Main Category: Health Insurance / Medical Insurance Article Date: 20 Nov 2008 - 12:00 PST printer friendly view / write opinions rate article The Oregon Health Fund Board on Monday unanimously adopted ...


Vandals hit Oregon site bombed by Japanese in World War II

A display marking an Oregon site bombed by the Japanese in World War II has been defaced by graffiti and racist symbols.


Woman pleads guilty in Ore. prison food scheme

The U.S. attorney's office says Oregon's former state prison food manager, charged with taking kickbacks and bribes, has been tracked to his native Iran.


Community banks trying to navigate difficult times

While Clackamas County Bank stands out as icon of doing business the right way, many other community banks in the Portland area are standing on wobbly legs, laden with dicey loans to homebuilders and developers ...


Christmas tree sales appear to be greening

Workers at Yule Tree Farms south of Canby hold Christmas trees on a shaker to dislodge loose material just before the trees are loaded on a truck.


In April 2007, 500 pastors from across Oregon descended on the state...

Emily Hunt hands a box of food to her father, Representative Dave Hunt, as Gladstone Mayor Wade Byers and Debbie Ferren, nutrition coordinator for the Gladstone Senior Center, look on.


Algae bloom stays on Lost Creek Lake

A health advisory for an algae bloom on a Southern Oregon reservoir that has amazed state environmental experts is expected to last into December.


More immigrants may qualify for 1986 amnesty

PORTLAND, Ore. a ' The federal government plans to legalize certain unauthorized immigrants who applied for a 1986 amnesty program but were unfairly excluded or never received a response to their request.


Oregon Braces For Grim Revenue Forecast

Oregon lawmakers are bracing for what's expected to be a dismal revenue forecast that could result in cuts in state spending.


Judge decides courtroom wardrobe issues for man accused of woman's murder

The Joel Courtney trial moved another step forward today. Courtney is the man accused of abducting 19-year-old Brooke Wilberger in Corvallis back in May of 2004.


Oregon Zoo euthanizes Fred the leopard

This is a press release courtesy of the Oregon Zoo: This morning, Oregon Zoo veterinarians euthanized Fred, a 17-year-old, geriatric Amur leopard, who had been suffering from an aggressive form of terminal ...


More Oregonians turning to state aid

The number of Oregon families that received cash welfare or food stamps has substantially increased this year over last.


Homeless camp near Hwy. 99W cleared

A homeless camp near Highway 99W where some people have been living for years is being cleared out because of traffic safety, sanitation and garbage problems.


Memorial for an Oregon marine killed in a hit and run

A Marine from Oregon was found dead on the side of the Road in Washington DC last week, a victim of hit and run.


Canby police officer accused of using steroids on the job

The city of Canby has ordered an independent investigation into possible employee misconduct involving an officer's alleged steroid use and efforts within the police force to allegedly cover it up.


Meet the man who rushed to save girl who fell from Oregon Coast cliff

Working in the rain on his 650-acre Delaware County farm, Craig Wulfekuhle does not look like your typical media darling, nor does he want to be a celebrity.


Oregon lawmakers brace for revenue drop

In the 2007 Legislature, Democrats used their new control over the House and Senate to create the state's first rainy day fund, provide record levels of state aid to schools and establish some of the most ...


Oregon jobless rate spikes from 6.4 to 7.3 percent

Oregon's unemployment rate rose sharply last month with major industries continuing to shed jobs as the nation's financial woes deepened.


State Approves $127 Million in Housing Funds Across Oregon

The money will stimulate economic activity in the state while addressing pressing housing needs.


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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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