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Let’s find out how a reverse mortgage can work for you. Over 500,000 homeowners nationwide - and 100 in your area are already enjoying more financial security in retirement!

Your home’s value is key to unlocking your reverse mortgage funds. I’ll use it - along with your age and current rates - to estimate what you could receive. Don’t worry, this is just a starting point!
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I used an online estimate for this value, but you’re in control - tweak it if it’s off! (A HUD-approved appraisal will confirm everything later.) Adding your mortgage balance helps me show you how much extra cash you could free up by eliminating that payment.

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If you presently have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!
(Our calculations use estimated property values provided by Estated.com. An independent HUD-approved appraiser must complete an appraisal to finalize your loan)
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The minimum qualifying age for a reverse mortgage is 55

You qualify at 55 or older, and your age determines your loan amount. Include your spouse’s age (even if under 55) since we base proceeds on the youngest partner - it’s all about maximizing your benefits!
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Reverse Mortgage Companies in Kent, WA

Are you at least 62 years old and own a home in California? Are you looking for a way to capitalize on the equity in your home? You're certainly not alone. As Californians retire, many want to find ways to increase their cash flow, pay for home repairs, pay off debt, or meet other needs.

One option is a reverse mortgage, which lets you borrow funds against your home's equity

A reverse mortgage is a government-backed loan that allows eligible homeowners to access their home equity without needing to make monthly mortgage payments. But how do you find the best reverse mortgage companies in Kent, WA when there are so many options on the table? If personalized service, clear communication, and knowledgeable agents are what you're seeking, look no further than All Reverse Mortgage - America's #1 rated reverse lender.

site-Author

About the Author, Michael G. Branson

Mike@allreverse.com

Michael G. Branson CEO, All Reverse Mortgage, Inc. and moderator of ARLO™ has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively.

20 Years of Reverse Mortgage Broker Experience

When you want a top-quality steak in The Sunshine State, you don't pull up to a fast-food restaurant and expect to get a medium-rare filet. You go to the highest-rated fine dining Hide and Fox Restaurant in Kent, WA. Similarly, when you want to work with the top reverse mortgage company in California, you don't go to a brand-new establishment without any reviews. You call All Reverse Mortgage for a free quote.

All Reverse Mortgage

The All Reverse Mortgage Difference

All Reverse Mortgage is proud to be recognized as America's top HUD-approved reverse mortgage lender, consistently earning 4.99 out of 5 stars for our outstanding service. Our steadfast dedication to integrity and exceptional customer support has not only earned us an A+ Exemplary Rating from the Better Business Bureau (BBB) but also recognition as Torch Ethics Finalists in both 2021 and 2022.

Affordability Transparency

We Focus on Affordability and Transparency

At All Reverse Mortgage, we prioritize a straightforward and client-focused process. By working directly with you, we cut out the middlemen, allowing for greater savings and benefits. Instead of spending money on expensive celebrity endorsements, we put our emphasis on delivering quality service from exceptional reverse mortgage originators in Kent, WA. This helps us ensure our reverse mortgage solutions remain affordable, accessible, and transparent. This approach reflects our dedication to offering reliable and cost-effective options for our senior clients.

Now that you're familiar with All Reverse Mortgage and why our customers leave us consistent rave reviews, let's take a closer look at reverse mortgages, the basic requirements to qualify, and how much money you can get from a reverse mortgage.

Reverse Mortgages 101

At All Reverse Mortgage, our agents get a lot of reverse mortgage questions every day. One of the most frequently asked questions we get is a basic one: What exactly is a reverse mortgage?

A reverse mortgage is a type of loan that lets you tap into the equity of your home. Reverse mortgage age requirements state that they're designed for homeowners over the age of 62. When you take out a reverse mortgage, the funds you receive first go toward paying off your existing mortgage, if applicable, and any leftover money can be used according to your needs.

Since the loan covers your existing mortgage, you won't have to make monthly mortgage payments anymore. However, it's important to note that you still need to pay your property taxes and homeowners insurance and keep up with home maintenance. The loan will come due only when you move out of the home, sell it, pass away, or fail to meet the obligations of the loan, which include maintaining the property and paying taxes and insurance.

The most popular type of reverse mortgage is the home equity conversion mortgage - or HECM - which is backed by the Federal Housing Administration (FHA). At All Reverse Mortgage, our reverse mortgage brokers in Kent, WA also offer:

  • Jumbo Reverse Mortgages
  • Proprietary Reverse Mortgages
  • Purchase Reverse Mortgages
Jumbo Reverse Mortgages

Who is Eligible for a Reverse Mortgage?

Eligible-Reverse-Mortgage

If you're interested in reverse mortgages, you should know that you've got to be eligible for one before you're approved. Reverse mortgage requirements include:

Primary Home

If you want to take out a reverse mortgage loan on your current home, it must be your primary residence. That means you have to live there for most of the year.

Age Requirements

You cannot be a young student going to Kent Gardens Elementary School near Kent, WA and expect to be approved for this type of mortgage. Reverse mortgage requirements state that you have to be 62 years of age or older to qualify for a reverse mortgage. This age requirement is one of the primary factors for HECM reverse mortgage approval.

Types of Approved Properties

Homes eligible for reverse mortgages include townhomes, buildings with 2-4 units, some condos, single-family homes, and some manufactured homes approved by the FHA.

Required Counseling Sessions

If you apply for a reverse mortgage you must complete a HUD-approved counseling session that covers reverse mortgages. This counseling session can take place over the phone or in person. It's a crucial step that helps you completely understand reverse mortgage implications.

Assessment of Your Finances

All applicants are required to complete a comprehensive financial assessment designed to scrutinize their financial stability and capacity to uphold essential financial obligations. This assessment can include timely payment of your property taxes, which are crucial for maintaining ownership rights, and homeowner's insurance premiums, which protect the property from potential risks and damages

Curious whether you meet basic reverse mortgage requirements? Contact our office today. One of our knowledgeable mortgage experts will work with you to find out.

How Much Money Can a Homeowner Get from a Reverse Mortgage?

Homeowner-Reverse-Mortgage

When looking into a reverse mortgage, an important question to consider is: how much can you actually borrow? This amount generally varies, falling between 36.3% to 71.9% of your home's value. Several factors play a role in determining this figure. These factors help ensure that your loan is customized to fit your unique circumstances.

Some of the factors that influence how much money you can borrow include:

The Reverse Mortgage Program You Choose

Depending on the program you choose, there will be different borrowing percentages to consider.

How Old You Are

Typically, older borrowers get a higher percentage of their home's value

Interest Rates

The market's current rates play a big part in figuring out how much money you can borrow.

All Reverse Mortgage Pro Tip

When you're working with reverse mortgage companies in Kent, WA, ask them to tell you about loan limits on reverse mortgages. The lending limit for the 2025 HECM program is capped at $1,209,750. If you qualify for a jumbo loan program, that limit increases to $4M, depending on the value of your home and a few other factors.

How Do You Get a Personalized Loan Estimate?

To get a more precise estimate that suits your situation, think about using ARLO, an exclusive calculator for reverse mortgages. ARLO delivers up-to-date rates and eligibility details. Beyond simply being a calculator, ARLO offers individualized support to assist you in choosing the reverse mortgage option that aligns best with your financial goals.

Consider These Reverse Mortgage Pros and Cons

When utilized properly, a reverse mortgage - also referred to as a Home Equity Conversion Mortgage (HECM)-can provide additional security during your retirement. However, like any financial product, reverse mortgages may not be the right fit for everyone. Keep reading for more info on evaluating financial options, understanding potential risks and benefits, and making informed decisions about reverse mortgages.

Analyzing the Drawbacks of Reverse Mortgages

Let's take a closer look at some of the potential drawbacks you might have with reverse mortgages.

Initial Costs May Be Higher

Reverse mortgages, particularly the Home Equity Conversion Mortgage (HECM), usually cost more than traditional loans

One major expense is the FHA mortgage insurance, which includes a 2% upfront fee and a yearly 0.50% mortgage insurance premium (MIP). This insurance helps protect both borrowers and lenders from the risk of default. It ensures that borrowers or their heirs will not owe more than the home's value, even if the loan balance increases or property values drop.

These costs can be a significant burden for homeowners who are sensitive to closing costs. Lender credits might help reduce these expenses, but they have become less common due to interest rate hikes and inflation in 2022 and 2023.

Drawbacks-Reverse-Mortgage

All Reverse Mortgage Pro Tip

If you own a high-value property, consider a proprietary or jumbo reverse mortgage. These options do not require government insurance, which can save you the large upfront mortgage insurance costs. However, they often come with higher interest rates. Choosing a jumbo reverse mortgage could save you up to $24,195 in upfront mortgage insurance costs.

Scamming and Exploitation

In today's tech-heavy world, seniors often find themselves confused about how to use the internet and often blindly trust people who reach out to them online. This can result in seniors getting scammed and taken advantage of - especially when there are financial implications involved. One of the best ways to avoid this is by working with trustworthy, licensed reverse mortgage brokers in Kent, WA. Seniors should also seek advice from trusted, independent financial advisors. That way, they're better protected against malicious actors who want to misuse their funds.

Tip-Reverse-Mortgage

Analyzing the Benefits of Reverse Mortgages

Now that we've looked at possible disadvantages, let's examine the benefits of reverse mortgages. Here are several advantages that can render a reverse mortgage a worthwhile choice for financial planning.

No More Monthly Mortgage Payments

Reverse mortgages remove the requirement for monthly mortgage payments for qualified borrowers. This enables seniors to remain in their homes for the duration of their lives without the stress of making regular mortgage payments. Although monthly mortgage payments are waived, borrowers must still handle financial obligations such as property maintenance. They must also continue paying for property taxes and insurance.

No Restrictions on Tax-Free Money

If you've wanted to visit Lincoln Memorial with the highest rating in Kent, WA, but could never justify spending the money to do so, this may come as good news. Funds obtained from a reverse mortgage are not subject to taxes, making it a cost-effective method to tap into home equity. Homeowners have the option to receive their money in various ways, such as a single lump sum, a flexible line of credit, monthly disbursements, or a mix of these options. The versatility and tax-exempt status of these funds make reverse mortgages a valuable instrument for financial planning.

Financial Security for Life

A reverse mortgage line of credit provides the distinct advantage of lifelong security. HUD guarantees that money will always be accessible as long as there are remaining funds in your line of credit and you meet your loan responsibilities. This guarantee is a major benefit compared to conventional Home Equity Lines of Credit (HELOC), which financial institutions can freeze or cancel without warning.

Analyzing the Benefits

Need help? Our support team is here 24/7 to assist you contact us now!

The Reverse Mortgage Brokers in Kent, WA. You Can Count On

Educating yourself and choosing the right reverse mortgage for your needs isn't always easy. Whether you're unsure if you qualify or you're having trouble choosing the right option, All Reverse Mortgage can help. We cut out the middlemen and apply those resources directly to our clients. That way, we can provide one-on-one, personalized assistance when you need it the most

If you're in search of an ethical, affordable, and reliable team of reverse mortgage originators, contact our office today. We'll be here to help provide you with the guidance and knowledge needed to make informed decisions about your financial future.

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Latest News in Kent, WA

Seattle weather: How much more snow is expected and when it may come

Western Washingtonians awoke to a fresh coat of snow Wednesday, with ice on the freeways making for a dicey commute.Weather service data of measured snowfall showed the Olympic Peninsula got hit hardest by the wintry weather: Port Angeles got 4.5 inches of snow. Cities east and northeast of Seattle got the most in the Puget Sound region: about 3 inches in Monroe and 2 inches in Redmond...

Western Washingtonians awoke to a fresh coat of snow Wednesday, with ice on the freeways making for a dicey commute.

Weather service data of measured snowfall showed the Olympic Peninsula got hit hardest by the wintry weather: Port Angeles got 4.5 inches of snow. Cities east and northeast of Seattle got the most in the Puget Sound region: about 3 inches in Monroe and 2 inches in Redmond.

Another band of snow was expected to swing through Western Washington and the Puget Sound lowlands later Wednesday. Another 2 inches of snow could fall by 10 a.m. Thursday and some parts of the lowlands could see up to 4 inches of accumulating snowfall overnight, according to the National Weather Service.

But the bigger issue will be the roads during rush hours, as temperatures rise during the day and fall overnight. Any snow that melted Wednesday afternoon will refreeze as temperatures again drop overnight, NWS said.

The National Weather Service also warned residents to prepare for potential power outages.

Seattle weather updates: Snow snarls roads, forces remote classes

This snow will be steady, increasing the possibility of accumulation in central Puget Sound. Still, the hit-or-miss pattern that has characterized the snowfall over the past few days will likely persist. Light showers will continue early Thursday, but conditions are expected to be drier by Thursday afternoon, as low temperatures will drop into the teens in some parts of the lowlands.

A cold weather advisory was issued for the Seattle area from 10 p.m. Thursday to 10 p.m. Friday.

But NWS said another snow shower could come late Friday.

Interstate 405 saw several ice-influenced crashes early Tuesday near I-90. Another multiple-vehicle crash shut down all northbound I-405 lanes around 4 a.m. Wednesday near Southeast Eighth Street. Crews reopened the freeway about two hours later. Traffic cameras showed the freeway covered in a sheet of snow.

Any hope Seattle Public Schools students had of enjoying a rare snow day was quickly dashed when the district moved classes online Wednesday instead of closing schools.

Seattle schools switched to remote learning with a two-hour delay Wednesday. Several other King County school districts closed.

Bev Redmond, chief of staff and spokesperson for Seattle schools, said it was the first districtwide fully remote weather-related learning day in the three years she’s been with the school system.

Several other school districts in the region closed Wednesday in King County: Bellevue, Highline, Kent, Lake Washington, Mercer Island, Northshore, Renton, Riverview, Tukwila, Issaquah and Vashon Island.

Snohomish County districts that closed included Edmonds, Everett, Granite Falls and Snohomish, as well as South Whidbey in nearby Island County.

Bainbridge Island and Bremerton schools were also closed Wednesday.

For up-to-date information on school closures, check the local school districts’ websites.

Seattle Public Schools: https://www.seattleschools.org

Bellevue School District: https://www.bsd405.org

Everett Public Schools: https://www.everettsd.org/

Highline Public Schools: https://www.highlineschools.org

Federal Way School District: https://www.fwps.org

Kent School District: https://www.kent.k12.wa.us

Lake Washington School District: https://www.lwsd.org

Marysville School District: https://www.msd25.org

Mercer Island School District: https://www.mercerislandschools.org

Northshore School District: https://www.nsd.org

Shoreline Public Schools: https://www.ssd412.org

Snohomish School District: https://www.sno.wednet.edu

Snoqualmie Valley School District: https://www.svsd410.org

Tukwila School District: https://www.tukwilaschools.org

Vashon Island School District: https://www.vashonsd.org

Denisa R. Superville: 206-464-8216 or dsuperville@seattletimes.com. Denisa R. Superville covers K-12 education at The Seattle Times.

Eslabon Armado Announces U.S. ‘Vibras De Noche Tour’

After all the label drama they’ve gone through, Eslabon Armado is going on a lengthy tour. On Feb. 20, the Mexican-American group announced their upcoming U.S. Vibras De Noche Tour. The highly-anticipated tour will kick off at the Evolution Music Hall in Wilson, NC, and wrap up at an undisclosed location on Nov. 30. More details will be revealed soon.Although there are ...

After all the label drama they’ve gone through, Eslabon Armado is going on a lengthy tour. On Feb. 20, the Mexican-American group announced their upcoming U.S. Vibras De Noche Tour. The highly-anticipated tour will kick off at the Evolution Music Hall in Wilson, NC, and wrap up at an undisclosed location on Nov. 30. More details will be revealed soon.

Although there are still certain locations to be announced, marked by question marks on the tour flyer, they did announce a hefty list of confirmed venues. After starting in Wilson, the group will perform in Wilmington, DE (Mar. 8); Sterling, VA (Mar. 9); Chattanooga, TN (Mar. 14); Huntsville, AL (Mar. 15); and Nashville, TN (Mar. 16). Following dates include Elkhart, IN (Mar. 21); Wilson, NC (Mar. 22); Wilmington, DE (Mar. 23); Cleveland, OH (Mar. 28); and Fort Wayne, IN (Mar. 29). More stops include Lafayette, IN (Mar. 30); Charlotte, NC (Apr. 4); Greensboro, NC (Apr. 5); Reading, PA (Apr. 11); and New York, NY (Apr. 12).

Spring dates for the Vibras De Noche Tour continue in Pittsburgh, PA (Apr. 25); Louisville, KY (Apr. 26); Cincinnati, OH (Apr. 27); Chicago, IL (May 10); and St. Louis, MO (May 11). More dates include Kent, WA (May 23); Pasco, WA (May 24); Molalla, OR (May 25); San Diego, CA (June 7); and Phoenix, AZ (June 14). Summer dates continue with Paso Robles, CA (June 20); Fresno, CA (June 21); Rifle, CO (June 27); Greeley, CO (June 28); and Des Moines, IA (July 5).

More summer dates include Kansas City, MO (July 6); New Orleans, LA (July 10); Houston, TX (July 11); Ferris, TX (July 12); and Austin, TX (July 13). The following stops are in Los Angeles, CA (July 19); Corpus Christi, TX (Aug. 1); Hidalgo, TX (Aug. 2); Raleigh, NC (Aug. 8); and Atlanta, GA (Aug. 9). Then they will continue to Oakland, CA (Aug. 15); Salt Lake City, UT (Aug. 16); El Paso, TX (Aug. 22); Salinas, CA (Aug. 30); and Sacramento, CA (Aug. 31).

The band’s fall dates continue with Wichita, KS (Sept. 5); Liberal, KS (Sept. 6); Santa Maria, CA (Sept. 19); Oxnard, CA (Sept. 20). More dates include Belle Glade, FL (Sept. 26); Orlando, FL (Sept. 27); Fort Myers, FL (Sept. 28); Omaha, NE (Oct. 3); and Minneapolis, MN (Oct. 4). The tour continues with Sioux City, IA (Oct. 5); Yuba City, CA (Oct. 12); Lancaster, CA (Oct. 25); Santa Rosa, CA (Oct. 26); Stockton, CA (Nov. 1); Tysons, VA (Nov. 14); and New Jersey, NJ (Nov. 15).

Eslabon Armado is known for hits like their massive collaboration “Ella Baila Sola” with Peso Pluma, “HASTA LA MUERTE” with Ivan Cornejo, and “Jugaste y Sufrí” with DannyLux.

Fans can buy tickets for the Vibras De Noche Tour through Ticketmaster, AXS, and Ticketon. For more information, follow the band’s social media.

Multiple rows of cars burn in Kent, WA wrecking yard fire

Wrecking yard fire burns in Kent, WAThe BriefWhat we know:KENT, Wash. - The fire involves multiple rows of cars at a wrecking yard in the 26200 block of 78th Ave. S. in Kent, according to updates shared by Puget Sound Fire on X."These cars are stacked 10 feet high, and it's row after row after row, and then the next row starts of cars,...

Wrecking yard fire burns in Kent, WA

The Brief

What we know:

KENT, Wash. - The fire involves multiple rows of cars at a wrecking yard in the 26200 block of 78th Ave. S. in Kent, according to updates shared by Puget Sound Fire on X.

"These cars are stacked 10 feet high, and it's row after row after row, and then the next row starts of cars, and so there's no way to get in between them safely," Pat Pawlak, Division Chief Public Information Officer for Puget Sound Fire said.

Efforts to suppress the fire continued into the day on Sunday, with crews utilizing heavy equipment to dismantle piles of cars to aid in extinguishing the flames.

"Once we had the flames knocked down and we could safely do so, a member of the company used heavy equipment to pick the cars up so we could make sure that the car was fully extinguished," Pawlak said. "He'd set it aside, pick up the next one, so on and so forth."

He told FOX 13, hazmat crews and representatives from the Department of Ecology were also on hand.

As of the latest reports, no injuries have been reported.

(Puget Sound Fire)

What we don't know:

It's unclear what caused the fire and the full extent of the damage is still not yet known.

"When you start looking at a fire in this type of a business, you have to think about, is there going to be any type of hazardous materials, you know, gasoline products, things like that that might be leaking, and we're using a lot of water, so we were also very conscious of making sure of any environmental impact," Pawlak said

The Source: Information and video in this story comes from Puget Sound Fire.

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Kalgoorlie 2025 State election result: Incumbent WA Labor MLA Kent ahead, preferences will be key

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