Retirement August 21 2018

Are You Ever Too Old to Get Approved for a Mortgage?

Whether you’re looking to downsize into the upgraded home of your dreams, refinance to pay off your home a little quicker, or looking for some extra cash to help fund your retirement, we want you to know that nobody is ever too old to get approved for a mortgage loan. Age is never a factor in loan approval. Actually, it is against the Federal Equal Credit Opportunity Act for a lender to discriminate against a borrower because of age. So, whether you are 40 or 90 years old, age is just a number in the eyes of a lender. Fortunately, Eagle Home Mortgage offers a powerful financing option, designed for homebuyers age 62 and older. It provides the funds you need to buy the home that you really want.

TAP INTO YOUR HOME EQUITY

The Home Equity Conversion Mortgage (HECM) is unlike a traditional mortgage and will allow you to forego your monthly mortgage payment. This will help you increase your monthly cash flow. You even retain ownership of the home as long as you live in it. The loan only becomes due when you leave, sell, or fail to maintain the home.

A HECM loan can help you:

  • Consolidate debts
  • Refinance existing mortgage debt
  • Give you some extra cash flow
  • Fund large purchases like that new corvette you’ve been wanting to buy
  • Assist a grandchild who is about to head off to college

A really great bonus to this loan is that all single-family homes, townhomes, and Federal Housing Administration (FHA)-approved condos are all eligible for this loan!  You just have to use the home that you buy as your primary residence—so vacation homes or investment and rental properties are not included.

Ask your Loan Officer if a reverse mortgage makes financial sense for you.

SPEAK WITH A LOAN OFFICER

July 19 2019

Benefit of Downsizing: Less Maintenance

If you're thinking of downsizing your home, less maintenance could bring you big benefits.

Read More

July 11 2019

Family, Friends, & Fulfilling the Dream of Homeownership

The prospect of coming up with a down payment for a home can feel downright scary, but luckily there are plenty of options out...

Read More

June 25 2019

The Modern Digital Mortgage Application

Technology has changed the way we live our lives. The way we connect, stay in touch, travel, and shop. And now it’s...

Read More

June 17 2019

Looking for a mortgage with flexibility?

Qualifying for a mortgage is now easier than ever before! If you have less-than-perfect credit or are carrying some higher debt,...

Read More

June 11 2019

Mortgage Rates at Historic Lows - Again!

Mortgage rates are constantly changing, but they have remained historically low for quite some time now. If you’re in the...

Read More

May 31 2019

What is Escrow?

When you’re buying a home, you’ll hear the word escrow multiple times throughout the process! The meaning varies...

Read More

April 18 2019

Eagle Home Mortgage's Homebuyer Solutions Group

If you’re ready to buy a home, but are unable to qualify due to credit challenges, our Homebuyer Solutions Group...

Read More

March 27 2019

Interest rates have dropped!

Get Your Home Equity Working for YOU and Refinance Today 

Read More

March 25 2019

5 Steps to Kickstart Your Mortgage Refinance

Ready to refinance your home, but don’t know where to start? Here are some necessary steps to get you started to possibly...

Read More

12345Last

Search Results for query

July 19 2019

Benefit of Downsizing: Less Maintenance

If you're thinking of downsizing your home, less maintenance could bring you big benefits.

Read More

July 11 2019

Family, Friends, & Fulfilling the Dream of Homeownership

The prospect of coming up with a down payment for a home can feel downright scary, but luckily there are plenty of options out there! 

Read More

June 25 2019

The Modern Digital Mortgage Application

Technology has changed the way we live our lives. The way we connect, stay in touch, travel, and shop. And now it’s changing the home financing, too! Get pre-qualified for a home loan faster and easier than ever before – from any device, anywhere...

Read More

June 17 2019

Looking for a mortgage with flexibility?

Qualifying for a mortgage is now easier than ever before! If you have less-than-perfect credit or are carrying some higher debt, you may still qualify for a home loan with Eagle Home Mortgage’s new flexible financing option.

Read More

June 11 2019

Mortgage Rates at Historic Lows - Again!

Mortgage rates are constantly changing, but they have remained historically low for quite some time now. If you’re in the market for mortgage financing, it may make sense to go ahead and get pre-qualified now!

Read More

May 31 2019

What is Escrow?

When you’re buying a home, you’ll hear the word escrow multiple times throughout the process! The meaning varies slightly, but all of the variations have to do with funds being set aside for your home.

Read More

April 18 2019

Eagle Home Mortgage's Homebuyer Solutions Group

If you’re ready to buy a home, but are unable to qualify due to credit challenges, our Homebuyer Solutions Group (HBSG) team is here to help you get the education and advice you need to turn “not today” into “You’re a...

Read More

March 27 2019

Interest rates have dropped!

Get Your Home Equity Working for YOU and Refinance Today 

Read More

March 25 2019

5 Steps to Kickstart Your Mortgage Refinance

Ready to refinance your home, but don’t know where to start? Here are some necessary steps to get you started to possibly decrease your monthly payments!

Read More

12345Last

Mortgage Calculators

Crunch the Numbers With Our Helpful Mortgage Calculators

Payment Calculator

payment calculator

Payment
Calculator

Affordability Calculator

affordability calculator

Affordability
Calculator

Refinance Calculator

refinance calculator

Refinance
Calculator

The Modern Digital Mortgage with a Personal Touch

Paperless. Effortless. Awesomeness TM

Simplify the home financing process with our Digital Mortgage. We'll be here to help navigate you through the entire process.

Get Pre-qualifiedWhat is a Digital Mortgage?