Angella Conrard is Your Best Resource for Reverse Mortgages in Bend, Oregon
Angella Conrard, CRMP
Reverse Mortgage Advisor
NMLS #139966 | AZ: LO-1041735 | CA DRE #01422602
FL #LO82861 | WA #MLO139966
CO #100522498 | OR #139966
ID #MLO-2080139966 | TX #139966 | NM #2130474
(949) 439-7030
Bend, Oregon Reverse Mortgage Lenders
For over 16 years, Angella Conrard has dedicated herself to educating and guiding seniors through the reverse mortgage process to enjoy the benefits of a more comfortable retirement. Whether in Bend or any area in Central Oregon, Angella is available to help you understand and navigate the Bend reverse mortgage process.
Once a practitioner in the wellness industry, Angella has always been one to help others. When she got involved with reverse mortgages, she saw the tremendous impact it could have on retirees and knew she could help! She works with award-winning C2 Financial Corporation, headquartered in Southern California. She chose to work with C2 because of the wide range of loan products available. C2 is A+ rated by the Better Business Bureau (BBB) and is recognized as a top financial services company in the industry.
What is a Reverse Mortgage in Bend, OR?
If you're a homeowner age 62 or older and have at least 50% equity in your home, you may be able to access that equity through a reverse mortgage. A reverse mortgage differs from a traditional one because you draw from the equity you've already built. You abide by the loan terms as long as you live in the home as your primary residence, maintain the house, and keep current on property taxes and insurance. You can use the money however you choose, and you don't have a monthly mortgage payment.
The reverse mortgage is FHA insured and can be utilized through various payout methods, including cash out, line of credit, monthly payments, or a combination of these methods. The loan is "non-recourse" because you never owe more than the home's value.
The loan becomes due when you have a life event, such as moving out of the home as your primary residence or when you transition. Heirs of the estate can choose to refinance the loan into a traditional mortgage to pay off the reverse mortgage, or they can sell it.
Proceeds from a reverse mortgage can be used for in-home care, supplemental retirement funds, travel, home modifications, or however you'd like. Despite old stigmas and misinformation, reverse mortgages are a viable and safe tool in your retirement toolbox.
About Bend, Oregon
Located in Central Oregon, Bend is considered the largest city in the region, with nearly 200,000 residents in the metropolitan area. It sits on the Eastern edge of the Cascade mountain range along the Deschutes River.
In 1905 Bend was incorporated as an Oregon city and was then known for the logging industry. Since then, logging has subsided, and the area is known for outdoor sports, recreation, and travel. Outdoor enthusiasts enjoy fishing, hiking, mountain biking, rock climbing, white-water rafting, skiing, and more. The Mount Bachelor ski resort brings Oregon, California, and Washington tourists. More recently, it has been recognized by The New York Times and USA Today as the craft beer capital of the west.
Contact Angella Conrard today to learn more about utilizing the equity in your home to live a better retirement. She's happy to help.
Call Angella today at (949) 439-7030.
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