Reverse mortgage information offered at Bank of the Pacific

A reverse mortgage might not be the perfect solution for everybody, but it may provide a wealth of relief for some retirees, according to Penny Paulsen, manager at Bank of the Pacific. Today, many senior citizens (age 62 and over) are faced with financial challenges. Some may have seen their investments sit idle or even shrink during the economic downturn, while others may find it difficult to support their retirement as they wrestle with other expenses. For homeowners 62 years old and older, a Reverse Mortgage may be an option. But, what exactly is a Reverse Mortgage? What are the advantages to a Reverse Mortgage and how much money could you get from a Reverse Mortgage? Will you qualify and is it safe?

To answer these questions and others, the Cathlamet branch of Bank of the Pacific invites the public to stop in to meet their new Reverse Mortgage Specialist, Stephen Praino (NMLS# 413581). Praino will be on hand at the Cathlamet Branch on April 14 from 10 a.m., to 4 p.m., as well as the Naselle branch on May 3 from 10:30 a.m., to 4 p.m. There is no obligation or pressure to apply for a Reverse Mortgage. This is just a chance for people to learn more about this unique loan product. Refreshments will be served.

A reverse mortgage is a loan and all loans through Bank of the Pacific are subject to credit approval. Certain fees and restrictions may apply. Bank of the Pacific is a Member of FDIC and an Equal Housing Lender.