Oregon Reverse Mortgage – Secure Your Retirement in the Beaver State
For Oregon homeowners aged 62 or older, a reverse mortgage can be a strategic way to tap into your home’s equity without selling or making monthly mortgage payments. Whether you’re in Portland, Salem, Eugene, or anywhere across the Beaver State, Money Well Lending offers transparent, customized reverse mortgage solutions.
Common Oregon Questions:
- “Do I keep ownership of my home?” Yes. You stay on title as long as you follow all loan obligations (pay property taxes, insurance, and maintain the home).
- “Are reverse mortgage proceeds taxable in Oregon?” Typically, reverse mortgage funds are considered loan proceeds, not income, and are generally not taxed. Consult a tax advisor for your unique situation.
Contact Money Well Lending today to see if an Oregon reverse mortgage can enhance your retirement. We’re here to answer questions about interest rates, closing costs, and how Oregon’s laws might affect your decision.