Work with Angella Conrard, CRMP to secure the best reverse mortgage loan options in Idaho.
With today’s volatile financial market, more Idaho residents are seeking additional means to support retirement through reverse mortgages. There are currently 1599 Idaho reverse mortgages in place throughout the state.
When you’re considering a reverse mortgage, you’ll want an experienced expert by your side. Angella Conrard, CRMP (Certified Reverse Mortgage Professional), holds the highest education and certification available to reverse mortgage loan advisors. She has dedicated herself to helping retirees navigate the process and truly understand each step through education for the past 16 years.
Today, Angella works for C2 Financial Corporate, headquartered in Southern California. She chose C2 because of its stellar, award-winning reputation and the available variety and selection of loans. C2 is rated A+ by the Better Business Bureau (BBB), has won many industry awards, including top 50 best mortgage places to work, and was ranked #1 broker in the nation by AIME, Association of Independent Mortgage Experts.
What is a Reverse Mortgage?
An Idaho reverse mortgage is a home loan product that accesses the equity in your home for qualified seniors 62 and older. Some proprietary products are available for residents 55+. As long as you abide by the loan terms, such as maintaining the house, keeping current with property taxes and insurance, and using it as your primary residence, you may utilize a reverse mortgage without paying a monthly mortgage. There are many payout options. One popular payout is to pay off your current mortgage and then establish a line of credit to be used when you want to. Other options include cash out, a monthly term payment (for a specific time period), tenure (for monthly life payments), or a combination of these.
A standard Idaho reverse mortgage, called a Home Equity Conversion Mortgage (HECM), is FHA insured. Additionally, a "Jumbo" reverse mortgage may be used for high-value properties.
A loan becomes due when a maturity event occurs, such as when you move, sell, or make your transition. Some people refinance with a new loan. They use the proceeds to pay off the reverse mortgage. The remaining proceeds go to you or your heirs. Others choose to sell the home to pay off the reverse mortgage.
Idaho is known chiefly for outdoor adventure and mountainous landscapes, bordering Oregon, Washington, Montana, Wyoming, Nevada, and Utah in the Pacific Northwestern United States. It boasts more river miles than any other lower 48 states at 3,500 miles. And it is said that if you flatten all of the mountains out, it would be the size of Texas! The state population is approximately 1,900,000, and the median home price in 2022 is $476,198.
Main Idaho metropolitan areas include its capital, Boise (population 241,686), at the foot of the Rocky Mountains, followed by Meridian (population 126,143).
Because Idaho produces 72 types of precious and semi-precious stones, the 13th largest state is known as the "Gem State." Idaho became the 43rd state in the Union in 1890 and had historical significance with the Oregon Trail and Lewis and Clark Expedition.
Today, Idaho is known for agriculture, manufacturing, and tourism. It’s both cosmopolitan and small-town oriented, depending on where you visit or choose to live. Outdoor activities are popular in the warmer and colder months as there is something for all outdoor enthusiasts year-round.
Contact your Idaho Reverse Mortgage Specialist.
If you’re ready to explore Idaho reverse mortgages, you will be in excellent hands with Angella Conrard. Contact her today at (949) 439-7030.
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