Reverse Mortgages Near You - Flagstaff Reverse Mortgage Lender
Meet Ernie Severson
Ernie Severson
Reverse Mortgage Specialist
NMLS #2162789
(928) 543-5705
Find the best reverse mortgage deals in Flagstaff, Arizona.
Ernie Severson and Summerlin Financial Inc are one of the A teams of Flagstaff if you’re looking for top shelf advice on reverse mortgages – from Needles to Parker and throughout western Arizona.
Ernie is a reverse mortgage specialist excited to help seniors find retirement solutions by utilizing their home equity to help provide stability in their retirement years.
Ernie is a retired police sergeant who spent more than 27 years in law enforcement.
In that time, he came to appreciate leadership and integrity as essential qualities in his career.
He now brings those same attributes to the mortgage industry where you know you can count on him to do what's right by you and your family.
Ernie is an Arizona native and has lived in Mohave County for nearly 30 years.
He is married to his lovely wife Naomi and enjoys spending time with his three children.
What is a reverse mortgage?
A reverse mortgage is a real gem of a loan product because of its ability to transform the financial fortunes of seniors who find themselves under financial stress.
No-one likes the thought of being forced out of their home and having to downscale to see out their retirement.
For seniors at least 62 years of age who have equity in their home, a reverse mortgage solves that problem.
It does that by converting your home equity back into cash in the form of a life-changing income stream!
Instead of worrying about having to sell up, retirees can start thinking about how to enjoy their sunset years like they had always planned.
Funds can be made available in many different ways including a line of credit, monthly installments, a lump sum or a combination of all three.
As long as the terms of the loan are met, it does not require repayment until either the homeowner sells or the last surviving borrower passes away.
It’s one of the smartest ways homeowners can enjoy their retirement with the level of financial security they had always hoped for
House prices have risen significantly over the last couple of years.
And while that momentum has recently cooled, Flagstaff has still enjoyed a 4.4 percent jump in the 12 months taking average returns to $622,412 (https://www.zillow.com/home-values/31567/flagstaff-az/).
Already, 171 residents in and around Flagstaff have purchased a reverse mortgage*.
About Flagstaff, Arizona
Flagstaff, Arizona, is a charming and vibrant city located in the high country of Northern Arizona. Known for its stunning natural beauty, rich cultural heritage, and outdoor recreational opportunities, Flagstaff offers residents a unique and desirable place to call home. With a population of approximately 75,000 residents, Flagstaff is a bustling mountain town with a strong sense of community.
Flagstaff's history is deeply rooted in its role as a railroad and lumber town in the late 19th century. The city's historic downtown area is filled with charming shops, restaurants, and galleries housed in historic buildings that reflect its frontier past. Route 66, which runs through the heart of Flagstaff, adds to the city's nostalgic charm, with iconic roadside attractions and vintage motels.
One of Flagstaff's standout features is its stunning natural surroundings. The city is surrounded by the Coconino National Forest, which offers miles of hiking, mountain biking, and camping opportunities. Nearby attractions like the San Francisco Peaks, Sunset Crater Volcano National Monument, and Walnut Canyon National Monument provide residents with endless opportunities for outdoor adventure and exploration.
Flagstaff's sense of community is evident through its diverse neighborhoods, each with its own character and charm. The city hosts a variety of cultural events and festivals throughout the year, including the Flagstaff Festival of Science, the Flagstaff Folk Festival, and the Flagstaff Hullabaloo.
Education is a top priority in Flagstaff, with the Flagstaff Unified School District serving the city's K-12 students. Flagstaff is also home to Northern Arizona University, a leading institution of higher education known for its academic excellence and research contributions.
As a reverse mortgage loan officer in Flagstaff, I am honored to serve the residents of this vibrant and diverse community. Whether you're considering a reverse mortgage to access your home's equity or exploring financial options, I am here to provide expert guidance tailored to the unique opportunities and challenges of living in Flagstaff. Flagstaff embodies the best of Arizona living, where history, culture, and natural beauty converge to create a dynamic and welcoming mountain town.
Contact your Flagstaff reverse mortgage lender today.
Ernie and his Summerlin Financial team are expecting your call if you have even the slightest interest in a reverse mortgage.
Call him today at (928) 543-5705 and he’ll explain how one can help you. What have you got to lose?
*As of March 2024
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