Reverse Mortgages

At Possibility Squad, powered by Advanced Mortgage and located at 38953 Pioneer Blvd in Sandy, OR 97055, we offer Reverse Mortgages, also known as Home Equity Conversion Mortgages (HECM), to help seniors settle comfortably into retirement. Insured by the Federal Housing Administration (FHA), Reverse Mortgages allow seniors to access a portion of their home's equity as tax-free cash without the need for principal and interest payments. To qualify, borrowers must be at least 62 years old, reside in an eligible property (single-family home, manufactured home, FHA-approved condo, or 2-4 unit residence), use the home as their primary residence, have sufficient equity to pay off existing mortgages and liens, and pass a financial assessment that includes a residual income analysis and light credit evaluation. Explore the benefits of Reverse Mortgages with us and enjoy financial security in your retirement years.