Brigham City Utah Reverse Mortgage

Your Brigham City Reverse Mortgage Guide

Welcome to Brigham City

If you are a Brigham City homeowner aged 62 or older, you may be eligible for a reverse mortgage loan. This type of loan allows you to access your home’s equity without making monthly payments. Instead, the loan is repaid when you sell the home or pass away. Reverse mortgage loans can provide financial support and security for seniors in Brigham City, allowing them to age in place and enjoy the comfort and familiarity of their own homes. Don’t let your hard-earned equity go to waste – consider a reverse mortgage loan and see how it can benefit you and your family in retirement.

Reverse Mortgage

Explore the possibilities of a Reverse Mortgage! Free yourself from worrying about monthly bills and take back control of your financial future. With a Reverse Mortgage, you can unlock the power of your home’s equity while maintaining ownership of your home. Find out today how you can start on the road to financial freedom.

Learn More about a Reverse Mortgage

Reverse Mortgage for Purchase

Did you know you can use a reverse mortgage to purchase a new home? A reverse mortgage for purchase allows seniors to buy a new home without making any monthly mortgage payments. Instead of getting an upfront lump sum payment like other reverse mortgages, the loan is used to purchase a new primary residence.

Learn More about a Reverse Mortgage for Purchase

HECM to HECM Refinance

A HECM (Home Equity Conversion Mortgage) to HECM refinance, also known as a HECM loan refinance, is a type of reverse mortgage that allows a borrower to refinance an existing HECM loan with a new one. This can be beneficial for several reasons, such as lowering your interest rate, changing the loan terms, accessing additional equity, and improving your financial situation.

Learn More about a HECM to HECM Refinance

Cash Out Reverse Mortgage

A Reverse Mortgage allows you to take cash out of your house and use the equity in your home for the things you want. You can receive your cash as a lump sum, fixed monthly payment, or line of credit.

Learn More about a Cash Out Reverse Mortgage

Jumbo Reverse Mortgage

A Jumbo Reverse Mortgage is a reverse mortgage that allows homeowners to borrow more money than allowed with a traditional HECM reverse mortgage. This is because a Jumbo Reverse Mortgage is not limited by the same lending limits set by the Federal Housing Administration (FHA) for standard HECM loans. With a Jumbo Reverse Mortgage, you can access more of the equity in your high-value home.

Learn More about a Jumbo Reverse Mortgage

Request a Reverse Mortgage
Name(Required)

Brigham City Approved Reverse Mortgage Counseling Agencies

HUD Approved HECM Counseling Agencies

The following is the internet website address and telephone number provided by HUD for the purposes of acquiring HECM counseling:

National Counseling Agencies

ClearPoint Financial Solutions
(800) 251-2227
https://www.clearpoint.org/

Money Management International
(877) 908-2227
https://www.moneymanagement.org/

Credit.org
(800) 947-3752
https://www.homeownership.org/

National Foundation for Credit Counseling
(866) 698-6322
https://www.nfcc.org/

Greenpath
(888) 860-4167
https://www.greenpath.com/

Navicore
(866) 855-7736
https://navicoresolutions.org/

Guidewell Financial Solutions
(800) 882-6171
https://www.guidewellfs.org/

NeighborWorks America
(202) 760-4000
https://www.neighborworks.org/

Housing Options Provided for the Elderly (HOPE)
(844) 432-6467
https://hopeforseniorsstl.org/

Utah Counseling Agencies

Agency Name: NEIGHBORHOOD NONPROFIT HOUSING CORPORATION
Agency ID: 84148
Address: 195 GOLF COURSE RD STE 1
LOGAN, UT 84321-6081
Phone: (435) 753-1112
Website: https://www.nnhc.net

Agency Name: NEIGHBORWORKS MOUNTAIN COUNTRY HOME SOLUTIONS
Agency ID: 81606
Address: 39 W 300 N
PROVO, UT 84601-2841
Phone: (801) 375-5820
Website: https://neighborworksmchs.org/

Agency Name: SUN COUNTRY HOME SOLUTIONS BRANCH
Agency ID: 90254
Address: 382 S. BLUFF ST. #150
SAINT GEORGE, UT 84770-3678
Phone: (435) 218-7189
Website: https://suncountryhomesolutions.org/

Agency Name: UTAH STATE UNIVERSITY – FAMILY LIFE CENTER – HFC
Agency ID: 80561
Address: 750 NORTH 950 EAST
LOGAN, UT 84321
Phone: (435) 797-7225
Website: https://scce.usu.edu/services/housing-financial-counseling

Brigham City Utah Frequently Asked Questions

How does a Reverse Mortgage work in Brigham City Utah?

A reverse mortgage in Brigham City, Utah, works similarly to a reverse mortgage in other parts of the country. The basic principle is that it allows homeowners 62 years of age or older to borrow money against the equity in their home without having to make monthly payments. Instead, the loan becomes due when the borrower moves out of the house permanently, sells the home, or passes away.

To obtain a reverse mortgage in Brigham City, Utah, the borrower must meet with a reverse mortgage lender and go through a counseling session to ensure that a reverse mortgage is a suitable choice for them. The lender will also appraise the home to determine its value and the amount the borrower is eligible to borrow.

Do I make mortgage payments on my Reverse Mortgage in Brigham City?

No, you do not have to make payments on your reverse mortgage. You are still obligated to pay your property taxes, homeowners insurance, general home maintenance and upkeep, and any HOA fees, if applicable. The benefit of a reverse mortgage is that you do not have to make a regular monthly mortgage payment.

What qualifies for a reverse mortgage in Brigham City?

A reverse mortgage loan is only available to seniors who are age 62 or older. This type of loan has been designed to help provide a solution to allow seniors access to equity in their homes while still living there. To qualify for a reverse mortgage, you must:

  • The youngest borrower on the loan must be 62 years old or older
  • Having an existing mortgage loan balance is OK as long as there is sufficient equity in the home
  • It must be your primary residence, not rental homes or vacation homes
  • Reverse mortgage loans are available as refinance or purchase loans.

How do I receive my money when I get a reverse mortgage?

With a Reverse Mortgage, borrowers have the flexibility to choose how they want to receive their loan proceeds. This can include receiving the funds in one lump sum, periodically accessing them through a line of credit, receiving regular monthly payments, or a combination of these options. Speak with a licensed Reverse Mortgage Lender to discuss your options.

About Brigham City Utah

Welcome to Brigham City, Utah! Nestled in the heart of the Wasatch Mountains, this quaint city is the perfect destination for a weekend getaway. With a population of just over 18,000, Brigham City is the perfect size for a cozy, small-town feel.

The city was founded in 1853 by Brigham Young and a group of Mormon settlers. Since then, Brigham City has grown into a vibrant community with plenty of activities to keep you busy. From the Box Elder Museum to the local parks and community centers, there’s something for everyone.

If you’re looking for outdoor activities, you’ll find plenty of hiking trails, fishing spots, and even a few ski resorts nearby. Or, if you’d prefer to stay in town, you can visit the local schools, parks, and community centers. There’s something for everyone in Brigham City.

So, if you’re looking for a peaceful getaway with plenty of activities, Brigham City is the perfect destination. Come explore the history and charm of this small town, and you’ll be sure to find something to love.

Things To Do In Brigham City

BRIGHAM CITY, UT WEATHER !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src='https://weatherwidget.io/js/widget.min.js';fjs.parentNode.insertBefore(js,fjs);}}(document,'script','weatherwidget-io-js');

Top Sights in Brigham City, UT


Bear River Migratory Bird Refuge

Skyline Drive

Shannon Circle

South 100 West

South Main Street

South 600 West

South 400 West

East 100 South

West 100 South

East 200 North

North 600 East

North Highland Boulevard

North 100 West

North Main Street

Brigham City Utah Temple

Brigham City Museum of Art & History

Box Elder Museum of Natural History

PEACH DAYS PARK

Willard Bay State Park

Mantua Reservoir

Millstream Classic Car Museum

Sardine Canyon

Street Names in Brigham City, UT

500 1030 W 1120 W 1400 S 1425 S 150 W
1550 S 1575 S 1650 S 2000 S 2050 S 2390 S
2450 S 250 W 2500 S 2520 S 2650 S 2850 S
2900 S 3000 W 310 W

Reverse Mortgage Regulations

HUD – The United States Department of Housing and Urban Development is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. They state, “Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is a Home Equity Conversion Mortgage (HECM) which is only available through an FHA-approved lender. The HECM is FHA’s reverse mortgage program that lets you withdraw a portion of your home’s equity.”

Consumer Finance Protection Bureau – The Consumer Financial Protection Bureau is an agency of the United States government responsible for consumer protection in the financial sector. They state, “A reverse mortgage is a special type of home loan only for homeowners who are 62 and older. With a reverse mortgage, the amount the homeowner owes goes up–not down–over time.”

NMSL – The Nationwide Multi-State Licensing System and Registry is the record system for non-depository financial services licensing.

NRMLA – The National Reverse Mortgage Lenders Association (NRMLA) is a professional association that serves as an educational resource for the Reverse Mortgage community. The NRMLA was established in 1997 to promote professionalism and provide support and guidance to lenders and education borrowers. In addition, they prioritize educating consumers on the advantages and disadvantages of obtaining a reverse mortgage, ensuring borrowers make informed decisions.  They also provide training for mortgage professionals, enforce a code of ethics, and advise policymakers on reverse mortgage issues.

Reverse Mortgage Lenders near Brigham City

Call us for a free, no-obligation consultation about your Reverse Mortgage options. One of our licensed professionals will answer your questions without the hassle of a sales pitch. You’ll learn what programs you may qualify for and discover the best options that will suit your situation.

We are proud to serve the residents of Brigham City. We have been in the mortgage lending business since 2002 and would be happy to provide additional testimonials and references to clients we have worked with. We look forward to serving you and welcome the opportunity to meet and discuss your individual needs.

Reverse Mortgage Resource Center
Phone: 385-503-2224

Reverse Mortgage Resource Center – Brigham City

{ "@context": "https://schema.org/", "@type": "VideoObject", "name": "Services Offered in Utah | Reverse Mortgage Resource Center", "description": "Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com Reverse Mortgage Resource Center, we specialize in providing comprehensive information on reverse mortgages to seniors. Our goal is to educate and guide our clients through the process, ensuring they fully understand their options and can make informed decisions. We offer a wide range of reverse mortgage services that can help you access the equity in your home in a way that best suits your needs. Reverse Mortgage Resource Center offers the following services: Reverse Mortgage Reverse Mortgage for Purchase Cash Out Reverse Mortgage HECM to HECM Refinance Jumbo Reverse Mortgage Our team of experts is dedicated to answering any questions and concerns. Give us a call to schedule a no-obligation consultation, and let us show you how a reverse mortgage can benefit you. Reverse Mortgage Resource Center 11240 River Heights Dr Suite 100 South Jordan, Utah 84095 385-503-2224 https://reversemortgageresourcecenter.com See all of our videos about Reverse Mortgage Resource Center services here: https://youtube.com/playlist?list=PLIXdz9DLAFTCZqDlcPKA1-xtzRutjTSn1", "thumbnailUrl": "https://i.ytimg.com/vi/NoXEboy_2HY/hqdefault.jpg", "transcript": "Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com Reverse Mortgage Resource Center, we specialize in providing comprehensive information on reverse mortgages to seniors. Our goal is to educate and guide our clients through the process, ensuring they fully understand their options and can make informed decisions. We offer a wide range of reverse mortgage services that can help you access the equity in your home in a way that best suits your needs. Reverse Mortgage Resource Center offers the following services: Reverse Mortgage Reverse Mortgage for Purchase Cash Out Reverse Mortgage HECM to HECM Refinance Jumbo Reverse Mortgage Our team of experts is dedicated to answering any questions and concerns. Give us a call to schedule a no-obligation consultation, and let us show you how a reverse mortgage can benefit you. Reverse Mortgage Resource Center 11240 River Heights Dr Suite 100 South Jordan, Utah 84095 385-503-2224 https://reversemortgageresourcecenter.com See all of our videos about Reverse Mortgage Resource Center services here: https://youtube.com/playlist?list=PLIXdz9DLAFTCZqDlcPKA1-xtzRutjTSn1", "uploadDate": "2023-02-07", "duration": "PT0M57S", "publisher": { "@type": "Organization", "name": "Reverse Mortgage Resource Center", "logo": { "@type": "ImageObject", "url": "https://reversemortgageresourcecenter.com/wp-content/uploads/2023/02/Reverse-Mortgage-Resource-Center-Logo-dark.png", "width": "359", "height": "194" } }, "contentUrl": "https://www.youtube.com/watch?v=NoXEboy_2HY", "embedUrl": "https://www.youtube.com/embed/NoXEboy_2HY", "interactionCount": "UserInteractionCount", "genre": "Educational Genre" }, "productionCompany": { "@type": "Organization", "name": "Reverse Mortgage Resource Center" } }

REVERSE MORTGAGE RESOURCE CENTER ~lIVE lIFE ON yOUR tERMS~


Our Lending Team has been serving our clients since 2004. We are passionate about serving our clients with integrity to help them achieve their financial goals.