Proprietary Reverse Mortgage

What is a Proprietary Reverse Mortgage?

Proprietary Reverse Mortgages are private, non-government-backed loans designed for homeowners with high-value properties or unique financial situations. Homeowners in Eugene, Springfield, Portland, Newport, and Brookings can access larger loan amounts or customized terms not available through standard HECM programs.

How Proprietary Reverse Mortgages Work

Proprietary Reverse Mortgages allow homeowners to convert a portion of their home equity into cash while remaining in their home. Homeowners in Eugene, Springfield, Portland, Newport, and Brookings can receive funds as a lump sum, monthly payments, or a line of credit depending on their needs. Interest accrues over time, but repayment is generally deferred until the homeowner sells the property, moves out, or passes away. Dale guides clients through every step so they understand the impact on home equity and estate planning.

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Eligibility Requirements

To qualify for a Proprietary Reverse Mortgage, homeowners must meet age requirements, maintain sufficient equity, and ensure the property meets lender standards. Dale assists homeowners in Eugene, Springfield, Portland, Newport, and Brookings in reviewing eligibility and completing documentation efficiently. He also explains property appraisal, underwriting requirements, and counseling obligations to ensure homeowners are fully prepared and confident throughout the process.

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Benefits of Proprietary Reverse Mortgages

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Higher loan amounts than standard HECM programs

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Flexible underwriting for unique properties or financial situations

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No mortgage insurance premiums required

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No mortgage insurance premiums required

Using a Proprietary Reverse Mortgage Strategically

A Proprietary Reverse Mortgage can provide significant financial flexibility in retirement. Homeowners in Eugene, Springfield, Portland, Newport, and Brookings can use the proceeds for retirement income, debt repayment, or home improvements, helping to enhance their quality of life without monthly mortgage payments. Dale works with each homeowner to structure the loan strategically, ensuring it supports long-term financial goals and preserves home equity for the future.

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Why Choose Us

With more than 35 years of experience in the mortgage industry, Dale provides expert guidance and personalized solutions for homeowners exploring reverse mortgage options. Homeowners in Eugene, Springfield, Portland, Newport, and Brookings can rely on his deep knowledge of loan programs, local property markets, and federal regulations to make informed financial decisions.

We are known for

Expertise in Reverse Mortgages – Over 35 years of experience helping homeowners in Eugene, Springfield, Portland, Newport, and Brookings navigate all reverse mortgage programs.

Personalized Guidance – Tailored solutions that match each client’s retirement goals and financial needs.

Transparent Process – Clear explanations at every step, ensuring homeowners understand the loan process and terms.

Local Knowledge – In-depth understanding of Oregon’s housing market to maximize home equity and retirement planning.

Why Choose Rapid Closing?

Choosing the right mortgage partner can make all the difference in your homeownership journey. At Rapid Closing, we combine speed, expertise, and personalized care to deliver financing solutions that are tailored to your goals. Whether you’re a first-time home buyer, refinancing, or exploring specialized programs, our team is dedicated to making the process smooth, transparent, and stress-free. With Rapid Closing, you’re not just getting a loan—you’re gaining a trusted partner who stands by you every step of the way.

We are known for

Fast & Reliable Closings – Streamlined processes that save you time and stress.

Wide Range of Loan Programs – From FHA and VA to DSCR, Jumbo, and USDA loans.

Personalized Guidance – Clear, step-by-step support with dedicated loan specialists.

Flexible Solutions – Options designed for first-time buyers, investors, and unique situations.

"FAQs"

Why Choose Dale for a Proprietary Reverse Mortgage

An experienced loan originator is critical for Proprietary Reverse Mortgages. Dale brings over 35 years of mortgage experience and local knowledge in Eugene, Springfield, Portland, Newport, and Brookings, helping homeowners navigate complex loan structures. He provides personalized guidance, clear explanations, and ongoing support to ensure clients understand their options and make informed decisions that protect their financial security.