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

A reverse mortgage may be the answer

Many retired folks in Washington want to downsize into the upgraded home of their dreams or refinance for some extra cash for retirement. I want you to know that nobody is ever too old to qualify for a mortgage loan.

Age is, by law, not a factor in loan approval. As a lender, I will never discriminate against a borrower because of age. In my eyes, age is just a number.

Movement Mortgage offers a financing option for homebuyers age 62 and older. It gives you the funds you need to buy your dream home.


The Home Equity Conversion Mortgage (HECM) is different than a traditional mortgage. The HECM loan allows you to waive your monthly mortgage payment, increasing the cash in your pocket. You are still responsible for the maintenance of the property, as well as the payment of annual property taxes and homeowner’s insurance. You retain ownership of the home as long as you reside there. The loan is due when you move and/or sell the home.

A HECM loan can help you:

  • Consolidate debts
  • Refinance mortgage debt
  • Give you extra cash
  • Fund large purchases like a new car
  • Give financial support to a college age child or grandchild

This loan is available for all single-family homes, townhomes, and Federal Housing Administration (FHA)-approved condos nationwide, including our state of Washington. Vacation homes or investment and rental properties are not included, the home you buy must be your primary residence.

Ask me if a reverse mortgage makes financial sense for you!