Call 801 550-4090 For Expert Advice
Call 801 550-4090 For Expert Advice
Get a Personalized Quote from one of Utah's Best Reverse Mortgage Specialists!
Get a Personalized Quote from one of Utah's Best Reverse Mortgage Specialists!
TESTIMONIALS
What Our Clients Say About Us
“Better rates, extremely knowledgeable, and very personable. I'll never go anywhere else.”
- Whitney Lee
"'Utah Mortgage made the process of buying a home quick and easy. They were great to answer all my questions in a timely fashion and make sure I was well taken care of!"
- Jennie Gordon
"Utah Mortgage exceeded my expectations with their professionalism and efficiency. They guided me through every step and ensured I got the best possible rate. Five stars all the way!"
- Emily Randol
"I couldn't be happier with my experience at Utah Mortgage. From start to finish, the team made everything so easy and straightforward. Their expertise and customer service are top-notch."
-Sahara Laurens
TESTIMONIALS
What Our Clients Say About Us
“Better rates, extremely knowledgeable, and very personable. I'll never go anywhere else.”
- Whitney Lee
"'Utah Mortgage made the process of buying a home quick and easy. They were great to answer all my questions in a timely fashion and make sure I was well taken care of!"
- Jennie Gordon
"'I was blown away by the exceptional service provided by Utah Mortgage. The team was knowledgeable, friendly, and made the entire process smooth and stress-free. Highly recommend!."
- Jessica M.
"Utah Mortgage exceeded my expectations with their professionalism and efficiency. They guided me through every step and ensured I got the best possible rate. Five stars all the way!"
- Emily Randol
"I couldn't be happier with my experience at Utah Mortgage. From start to finish, the team made everything so easy and straightforward. Their expertise and customer service are top-notch."
-Sahara Laurens
WHAT IS A REVERSE MORTGAGE?
How The Reverse Mortgage Works
A reverse mortgage is a loan secured by your home. It must be your primary residence (that means that you, as the borrower, must live in the home for as long as you have the loan).
This type of loan allows borrowers to access a portion of their tax-free equity without making monthly mortgage payments. No payment is required until the last surviving homeowner moves, dies, or sells the home.
The borrower maintains the home’s title and is responsible for property taxes and homeowner’s insurance payments. The amount borrowers receive is determined by the HUD calculations based on the age of the borrowers (most specifically, the age of the youngest borrowing or non-borrowing spouse), the value of the home or the HUD lending limit, whichever is less and the interest rates in effect at the time.
Borrowers never have to make a monthly payment on reverse mortgage loans. There is never a prepayment penalty, so they can make any payment they wish, including repaying the loan at any time.
WHAT IS A REVERSE MORTGAGE?
How The Reverse Mortgage Works
A reverse mortgage is a loan secured by your home. It must be your primary residence (that means that you, as the borrower, must live in the home for as long as you have the loan).
This type of loan allows borrowers to access a portion of their tax-free equity without making monthly mortgage payments. No payment is required until the last surviving homeowner moves, dies, or sells the home.
The borrower maintains the home’s title and is responsible for property taxes and homeowner’s insurance payments. The amount borrowers receive is determined by the HUD calculations based on the age of the borrowers (most specifically, the age of the youngest borrowing or
non-borrowing spouse), the value of the home or the HUD lending limit, whichever is less and the interest rates in effect at the time.
Borrowers never have to make a monthly payment on reverse mortgage loans. There is never a prepayment penalty, so they can make any payment they wish, including repaying the loan at any time.
About Us
About Us
David Heaps
Lending Manager of Utah Mortgage
''One of the greatest dreams I share with people is that of home ownership. I got into mortgages to help people like myself, achieve that dream. I will be your one-stop shop. I can offer lower than average rates while providing higher than average service. I aim to help you and your family make the right choice that aligns with the goal of being a homeowner. My team and I are committed to this dream of yours from start to finish. With a team that has over 30 years of experience, we take pride in our expertise and knowledge of the mortgage industry!”
David Heaps
Lending Manager of Utah Mortgage
''One of the greatest dreams I share with people is that of home ownership. I got into mortgages to help people like myself, achieve that dream. I will be your one-stop shop. I can offer lower than average rates while providing higher than average service. I aim to help you and your family make the right choice that aligns with the goal of being a homeowner. My team and I are committed to this dream of yours from start to finish. With a team that has over 30 years of experience, we take pride in our expertise and knowledge of the mortgage industry!”
Copyright © 2023 Ideal Lending. All rights reserved.
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Ideal Lending LLC, NMLS 2471779 is not affiliated with or acting on behalf of or at the direction of the Federal Housing Administration (FHA) or any government agency or government-sponsored entity and this offer is not being made by an agency of the government. Ideal Lending LLC is a Licensed Mortgage Lender Servicer, FL MLD2414; Ideal Lending LLC only lends in CO, CT, FL, GA, TN, TX. Refer to www.nmlsconsumeraccess.org and input NMLS 2471779 to see where Ideal Lending LLC is licensed. Equal Opportunity Employer; Equal Opportunity Lender | This is not an offer for extension of credit or commitment to lend. All loans must satisfy underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. Certain restrictions may apply.
© Ideal Lending LLC Office: 5589 Okeechobee Blvd Suite 101, West Palm Beach, FL 33417
Copyright © 2024 Utah Mortgage. All rights reserved.
We use cookies to help improve, promote and protect our services.
By continuing to use this site, you agree to our privacy policy and terms of use.
This site is not a part of Facebook website or Facebook, Inc.
This site is NOT endorsed by Facebook in any way. FACEBOOK is a trademark of FACEBOOK, Inc.
Utah Mortgage, (dba Mox Mortgage, Nevada Home Loans) is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act.
State Disclosure Requirements
Utah Mortgage, Inc. (dba Mox Mortgage, Nevada Home Loans) is a licensed mortgage lender. Our Nationwide Mortgage Licensing System Number is 1432672. The following states require disclosure of licensing information. (If your state is not listed, it doesn’t require a specific license disclosure):
California: Utah Mortgage, Inc., dba Mox Mortgage - Licensed by Dept. of Business Oversight, under the CA Residential Mortgage Lending Act and Finance Lenders Law License/Registration#:60DBO-146053;Colorado: Utah Mortgage, Inc., dba Mox Mortgage - NMLS #1432672, (801) 903-2993, Regulated by the Division of Real Estate;Nevada: Utah Mortgage, Inc., dba Nevada Home Loans - 500 North Rainbow Blvd, Ste 300, Las Vegas, NV 89107, License #4994;Texas: Utah Mortgage, Inc., dba Mox Mortgage - 1525 North Main Street, Ste 100, Bountiful, UT 84010;Washington: Utah Mortgage, Inc., dba Mox Mortgage - Consumer Loan Company License 1432672
NMLS Page Information
Visit the NMLS access page for more information.
NMLS access page
Texas Consumer Complaint Information
In Texas – consumers wishing to file a complaint against a mortgage banker or a licensed mortgage banker residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 N. Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at
. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out-of-pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at
.
Copyright © 2024 Utah Mortgage. All rights reserved.
We use cookies to help improve, promote and protect our services.
By continuing to use this site, you agree to our privacy policy and terms of use.
This site is not a part of Facebook website or Facebook, Inc.
This site is NOT endorsed by Facebook in any way. FACEBOOK is a trademark of FACEBOOK, Inc.
Utah Mortgage, (dba Mox Mortgage, Nevada Home Loans) is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act.
State Disclosure Requirements
Utah Mortgage, Inc. (dba Mox Mortgage, Nevada Home Loans) is a licensed mortgage lender. Our Nationwide Mortgage Licensing System Number is 1432672. The following states require disclosure of licensing information. (If your state is not listed, it doesn’t require a specific license disclosure):
California: Utah Mortgage, Inc., dba Mox Mortgage - Licensed by Dept. of Business Oversight, under the CA Residential Mortgage Lending Act and Finance Lenders Law License/Registration#:60DBO-146053;Colorado: Utah Mortgage, Inc., dba Mox Mortgage - NMLS #1432672, (801) 903-2993, Regulated by the Division of Real Estate;Nevada: Utah Mortgage, Inc., dba Nevada Home Loans - 500 North Rainbow Blvd, Ste 300, Las Vegas, NV 89107, License #4994;Texas: Utah Mortgage, Inc., dba Mox Mortgage - 1525 North Main Street, Ste 100, Bountiful, UT 84010;Washington: Utah Mortgage, Inc., dba Mox Mortgage - Consumer Loan Company License 1432672
NMLS Page Information
Visit the NMLS access page for more information.
NMLS access page
Texas Consumer Complaint Information
In Texas – consumers wishing to file a complaint against a mortgage banker or a licensed mortgage banker residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 N. Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at
. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out-of-pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at
.