Reverse Mortgages Near You - Salt Lake City Reverse Mortgage Lender
Meet Michael Jones
Michael Jones
Reverse Mortgage Specialist
NMLS #4734
(801) 230-3496
Find the best reverse mortgage deals in Salt Lake City, Utah.
Michael Jones and Intercap Lending are one of the best teams to talk with in Salt Lake City if you are interested in a reverse mortgage – from Clearfield to Lehi and throughout Salt Lake County.
Michael is an experienced loan officer with more than 20 years in the business.
Since 2017, he has focused specifically on helping Salt Lake City’s seniors live out a more comfortable retirement by offering them a potentially life-changing reverse mortgage.
Michael loves assisting older homeowners and their trusted advisers by educating them on HECM (reverse mortgage) strategies to help manage their assets and improve their income for their retirement years.
He is passionate about reverse mortgages because he has seen how effective they can be at changing the course of people’s financial fortunes.
“It’s empowering and humbling at the same time to be able to help seniors change their lives for the better,” Michael said.
Dedicated, committed and always just a phone call away to answer any queries even after originating your loan, you’ll be delighted with the level of service Michael offers.
What is a reverse mortgage?
A reverse mortgage is an outstanding loan product because it has the power to transform the lives of seniors right around the country.
It is ideally suited to those who have equity in their home but are struggling for liquidity and finding rising inflation quickly eating away at their nest egg.
As long as you are 62 years of age or older, you can apply for this loan which will allow you to turn that equity into a brand new income stream.
It means that seniors who feared having to sell their family home may put those worries to bed and start enjoying their retirement the way they had always planned.
They can also look forward to a much more comfortable standard of living.
Homeowners can be paid in many different ways including monthly installments, a lump sum or a line of credit - a combination of all three is also available.
As long as the terms of the loan are met, it does not require repayment until either the homeowner sells the home or the last surviving borrower passes away.
It is one of the shrewdest ways homeowners can put their money worries behind them.
House prices have risen significantly in the last couple of years and despite slowing down recently, Salt Lake City has still seen a lift of 5.4 percent in the 12 months reaching an average of $588,892*. (https://www.zillow.com/home-values/6909/salt-lake-city-ut/).
Salt Lake City residents haven’t been slow to pick up on the power of reverse mortgages with 3,131 already owning one and 719 purchasing one in the last 12 months alone*.
About Salt Lake City, Utah
“Great Salt Lake City” was founded in 1847 by Mormon pioneers led by Brigham Young who were fleeing persecution in the east.
They established their new city by Great Salt Lake in the west.
The ‘Great’ was discarded in 1868.
It soon earned the moniker of “The Crossroads of the West” owing to the influx of overseas Mormons, the mining boom and the construction of the first transcontinental railroad.
The streets of Salt Lake City run in a standard grid plan and are named by how far they are from the center of town i.e 2400 West is a street that runs north-south and lies 24 blocks west of the town center.
The city, which is the industrial banking hub of the United States, has a population of around 200,000 with a metropolitan area incorporating Ogden and Provo reaching beyond 2.7 million people.
Tourism and in particular skiing is also a massive industry with the city recognised by being awarded the 2002 Winter Olympics.
Utah Jazz relocated from New Orleans in 1979 to give the city its biggest national sports team and was joined in 2004 by Major League Soccer’s Real Salt Lake.
Contact your Salt Lake City reverse mortgage lender today.
Michael and his Intercap team are keen to talk with anyone who thinks a reverse mortgage might be right for them.
If that’s you, please call him at (801) 230-3496 for a no obligation assessment of your position.
*As of December 2022
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