Reverse Mortgages Near You - Prescott Reverse Mortgage Lender
Meet Ernie Severson
Ernie Severson
Reverse Mortgage Specialist
NMLS #2162789
(928) 543-5705
Find the best reverse mortgage deals in Prescott, Arizona.
Ernie Severson and Summerlin Financial Inc are one of the A teams of Prescott 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, Prescott has still enjoyed a 2.2 percent jump in the 12 months taking average returns to $590,623 (https://www.zillow.com/home-values/26620/prescott-az/).
Already, 1,449 residents in and around Prescott have purchased a reverse mortgage, with 122 of those happening in the last 12 months*.
About Prescott, Arizona
Prescott, Arizona, is a charming and historic city nestled in the central highlands of the state. Known for its idyllic setting, rich history, and vibrant cultural scene, Prescott offers residents a unique blend of small-town charm and outdoor adventure. With a population of approximately 45,000 residents, Prescott is a welcoming community that celebrates its Western heritage and natural beauty.
Prescott's history dates back to the 19th century when it served as the territorial capital of Arizona. The city's historic downtown area, known as Whiskey Row, is lined with historic saloons, shops, and galleries that transport visitors back to the days of the Wild West. The iconic courthouse plaza, surrounded by towering pine trees, serves as the heart of the city and hosts numerous events and festivals throughout the year.
One of Prescott's standout features is its stunning natural surroundings. The city is surrounded by the Prescott National Forest, which offers miles of hiking, biking, and horseback riding trails. Nearby Watson Lake and Lynx Lake provide opportunities for fishing, boating, and picnicking amid breathtaking scenery.
Prescott's sense of community is evident through its local events and gatherings. The city hosts various festivals and celebrations, including the Prescott Frontier Days Rodeo, one of the oldest rodeos in the country, and the Prescott Indian Art Market, which showcases the work of Native American artists.
Education is highly valued in Prescott, with the Prescott Unified School District serving the city's K-12 students. Prescott is also home to several institutions of higher learning, including Prescott College and Yavapai College, providing opportunities for higher education and lifelong learning.
As a reverse mortgage loan officer in Prescott, I am proud to serve the residents of this vibrant and historic 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 Prescott. Prescott embodies the best of Arizona living, where history, community, and natural beauty come together to create a warm and inviting city in the high desert.
Contact your Prescott 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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