WHO ARE WE?
As your local dedicated Reverse Mortgage lending team, we know that education is the best tool we can offer you to understanding HECM and HECM for Purchase loan products. Conveniently located in Kirkland WA, we are always more than willing to talk on the phone or even travel to your home to help you determine if a reverse mortgage is a good option for you or not.
Send us a message
Office Address:
Golden Heritage Financial
11035 118th Place NE
Kirkland, WA 98033
WA License #MLO-1184586
P: 425.455.8466
E: mquintana@kwikloan.com
Meet Marcus
Where We Are
Golden Heritage Financial Head Quarters
5 Important Things To Understand As You Consider A HECM Reverse Mortgage Loan
1
At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds.
2
Charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees.
3
The loan balance grows over time and interest is charged on the outstanding balance.
4
The borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home.
5
Interest on a reverse mortgage is not tax-deductible until the borrower makes partial or full repayment.