Reverse Mortgage Loans
A reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The equity that built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until you no longer use the home as your principal residence.
The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home. An online calculator from the AARP can give you an estimate of how much you can borrow.
Why Choose Us for Your Reverse Mortgage Loan?
- Best rates
- 36+ lenders to choose from
- Fast closings
- Super service
As a loan broker Springwater Capital has access to loan programs from about 40 lenders. Instead of having loyalty to one company or program, we are committed to finding the best program for your needs.
After getting some basic information from you, we can use our sophisticated software, Loan Pro 360™, to find the best rates among all of our lenders instantly!
You won't pay extra fees for using our services. Our fees will paid out of your closing costs and are comparable to the closing costs you will pay regardless of who does your loan. Often we can save you money by getting you the best loan program and rate for your unique situation. We only receive money for your our services if you decide to close and fund your loan with us. (Third party fees, such as appraisal and credit report, may be payable regardless of loan closing.)
For no cost or long term commitment, we can provide these services to you:
- Give you a current rate quote
- Help you to determine which type of loan will be best for your situation
- Give you information on how much you can borrow
- Get you prequalified or preapproved for a loan
For a free, no-obligation consultation, please call (206) 331-8542
Note: Rates and loan conditions are subject to change and will vary over time.
Springwater Capital, LLC, 345 W 600 S Suite 104, Heber City, UT 84032
Equal Housing Opportunity