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Reverse Mortgages

For more information, please contact
one of our Reverse Mortgage Specialists.

Lynn Hedberg
Twin Falls - Blue Lakes Branch
208-733-9122
Click here to contact Lynn Hedberg.

 Norm Wright
Twin Falls - Main Office
208-733-4222
Click here to contact Norm Wright.
Kim Hurley
Buhl Branch
208-543-8881
Click here to contact Kim Hurley.		 Ron Clawson
Rupert Branch
208-436-0505
Click here to contact Ron Clawson.

 

A reverse mortgage is a special type of home loan that lets a homeowner convert a portion of the equity in his or her home into cash. With reverse mortgages, homeowners at least 62 years in age are able to capitalize on the equity they have in their homes. Unlike traditional home equity loans, these special loans do not have to be repaid until the borrower(s) is no longer living in the home.

 

The amount of money available to the borrower is determined by the value of their home, interest rates, and the age of the borrower(s). Proceeds can be received in the form of a lump sum, monthly payments, a line of credit or a combination of these options.

 

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