Profile picture for ohare1

senior community living

I am looking for a senior community housing, can you direct me in the right direction?
  • July 21 2009 - North Ogden
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Answers (5)

Profile picture for MacAccessReverse
yankeegreek

As of right now, there are very few qualifications for borrowers when getting a reverse mortgage.  If you are going to own more than one property, you will need to show that you have sufficient income to carry both properties.  Certain credit issues can be a problem- federal tax liens, delinquent SBA loans/student loans, etc.  There is no minimum credit score for a reverse mortgage.  The loan is based primarily on the property, borrower's age and current interest rates.  Contact me through my profile if you would like a comprehensive quote.  
  • March 23
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Profile picture for yankeegreek
If you are doing a reverse mortgage, how is the qualificaton determined?  I already have a home that I want to sell before doing a reverse.
  • March 18
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North Ogden City has three areas designated as senior community is there more information I can provide you on this area?
Robert Bolar
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  • July 09 2013
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Depending on the area that you are looking at there are a few out there.  Olympus Ranch in Murray, Sunrise in SLC and Sandy.

If you need financing a popular trend is to purchase senior housing with a reverse mortgage. It eliminates you writing a check for the monthly payments. Below was a great article about Reverse Mortgages.
Reverse Mortgage: How do they work?
  • July 22 2009
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Is North Ogden the only area of interest? 

Is there any other areas that interest you? 

What is your price range? 

Size (bedrooms and baths)?
  • July 21 2009
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