Directors Mortgage Offers Reverse Mortgage Counseling Services

Directors Mortgage is offering reverse mortgage counseling services for people looking for home refinance options.

Corvallis, OR (prHWY.com) September 25, 2012 - Lake Oswego, Oregon (September 10, 2012) - Directors Mortgage is offering reverse mortgage counseling services for people looking for home refinance options. As one of the more established direct mortgage lenders in the state, their loan specialists can advise homeowners on how to use reverse mortgages effectively.

Applying for a reverse mortgage allows retiree homeowners to convert either full or partial ownership of their homes into cash that they can receive either as a lump sum or in monthly payments. The available equity is computed based on the person's age and the value of the home.

Senior citizens who choose to get reverse mortgages on their homes can use the proceeds in a number of ways. This includes the consolidation of debt payments, medical expenses payment, and budget for prescription medication. They can also use the proceeds to prepare for home care and even to buy a new home.

Other uses for the proceeds include bills payment, home improvement (additional roof siding, new driveway, and kitchen or bath remodeling), purchase of large items such as a recreational vehicle or car, and opportunities to travel.

Directors Mortgage advises clients that to keep the loan in good standing, the home used for the mortgage must be the person's principal residence. The homeowners, however, retain the right to sell the home and move at any time, and keep the proceeds exceeding the loan balance.

Aside from reverse mortgage and other home refinance counseling services, the company offers residential refinancing. They also provide relocation assistance for people looking to move to a new home in order to make their move as stress-free and smooth as possible. For more information, visit www.DirectorsMortgage.net.

About Directors Mortgage

Directors Mortgage is a recognized name among the direct mortgage lenders in the industry. The company has grown into one of the most respected companies in the mortgage sector, serving communities in Oregon, Washington, Idaho, and California. They offer services for construction loans, debt consolidation, and home refinancing.

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Tag Words: home refinance, direct mortgage lenders

Categories: Finance

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430 NW 3rd St. Corvallis, OR

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