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A Reverse Mortgage or HECM in Idaho is a great options for Seniors over the age of 62. A person can get a Reverse Mortgage, say in Boise or Meridian Idaho to pay off an existing home loan. Another option is to get a Reverse Mortgage to pay off existing debts or consolidate debt. And a Reverse Mortgage can allow a borrower to purchase a new home, if they want to sell their 2 story home in Meridian and move to a single level home in Nampa.
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Focus on the 5 columns on the Reverse Mortgage Calculator I have highlighted below. The other columns are for other states that offer or have different restrictions on Reverse Mortgages.
1st Choice Mortgage Company, LLC | NMLS #380736 3023 E. Copper Point Dr., Suite 101, Meridian, ID 83642 | View Map
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Phone: (208) 375-5626 Fax: (208) 375-5970
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This material is not from HUD or FHA and has not been approved by HUD or any government agency.
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