Retirement just got better: tap into your home's equity with a Mann Mortgage Reverse Mortgage.
Quite possibly the most powerful & useful loan program in the world, Reverse Mortgages allow you to use your home equity as YOU see fit - while still owning it.
What are reverse mortgages?
A reverse loan, also known as a reverse mortgage, is a type of loan designed for senior citizens aged 62 years and above who have equity in their homes. This type of loan allows homeowners to convert a portion of their home equity into cash without having to sell their homes or make monthly mortgage payments. The main benefits of a reverse loan include providing seniors with additional cash flow, paying off existing mortgage debt, and enabling them to remain in their homes. Ideal candidates for reverse loans are individuals who own their homes outright or have a small mortgage balance, have a need for additional cash flow, and plan to stay in their homes for an extended period.
Not sure where to get started? That's okay too, we're happy to meet you where you're at and direct you to the right place or person.
Reverse Mortgages at a glance.
- With our reverse loan, you don't have to make any monthly mortgage payments.
- Our reverse loans help free up cash flow for other expenses, such as travel, home repairs, or medical bills.
- One of the key benefits of a reverse loan is that homeowners can continue to live in their homes and retain ownership, which can provide peace of mind and stability.
- Ortley, Rowena, and Smithville are three towns our The Dalles branch serves.
Applying for a home has
never been easier
Our quick and secure process takes less than 10 minutes to apply.
Learn more about
reverse mortgages
The amount you can borrow with a reverse loan depends on your age, the value of your home, and the interest rate. The older you are and the more valuable your home is, the more you can borrow.
To be eligible for a reverse loan, you must be 62 years old or older, own your home outright or have a low mortgage balance that can be paid off with the loan, and live in the home as your primary residence.
We have a team of experienced loan officers who can answer your questions and provide guidance throughout the loan process. We also have a commitment to providing excellent customer service.
Contact us now to learn more about reverse loan applications in The Dalles!
Contact us now to learn more about reverse loan applications in The Dalles!
“I was initially apprehensive about Reverse Mortgages, but my banker recommended that I contact Mann Mortgage to discuss. We were glad we did. Our loan officer took us through the entire process, answered my numerous questions, and assured us that this product would meet our specific needs.”
Michael S.
Let's get you home.
0% down financing for homeowners 62 years and older. Our local loan experts will help guide you.
