Canyons is a leader in the Reverse Mortgage lending arena locally. These loans are designed to allow seniors – Those over 63 ½ years old currently to Purchase or Refinance a home and take additional cashout if they like or simply to eliminate their home payment completely. The idea is to allow seniors to have no housing payment ( you still pay the taxes and insurance only each year ) entirely. To free up a homes equity for the use of living expenses /Debt consolidation – a monthly set income or whatever they choose to use the homes equity for without having to pay any of it back. There are many misconceptions about these loans – They are a wonderful /Life saving tool for many seniors whose home equity is one of their greatest assets. You do not give up ownership of the home – You do not give up an asset to be given to your heirs someday. Call us to go over options and different qualifying options on them. Qualifying for these loans is not based on credit as you do not repay them – It is solely based on age and equity in the property in questions.

Call for a free consultation today (801) 443-4733

Tips from the President of Canyons Mortgage

Even though you may have been turned down elsewhere, you may still be able to receive a loan from Canyon’s Mortgage – We know the In’s and Out’s of mortgages.