Call 801 230-3656 For Expert Advice

Get a Personalized Quote from one of Utah's Best Reverse Mortgage Specialists!

TESTIMONIALS

What Our Clients Say About Us

"Working with Charles Mimnaugh at Utah Reverse was a fantastic experience. Charles was knowledgeable and patient, taking the time to explain every detail of the reverse mortgage process. He made sure we understood our options and helped us make the best decision for our financial future. Highly recommend his services!."

- Michael Anderson

"Charles Mimnaugh was incredibly helpful and professional throughout our experience with Utah Reverse. He provided clear and concise information, making a complex process much easier to understand. His expertise and friendly approach made us feel confident and secure in our decisions. We're grateful for his guidance and highly recommend him!"

- Linda Johnson

"I can't say enough good things about Charles Mimnaugh and Utah Reverse. Charles was attentive and always available to answer our questions. His deep knowledge of reverse mortgages and his ability to explain everything in simple terms made the entire process smooth and stress-free. We felt supported every step of the way and are very happy with the outcome. Highly recommend Charles for anyone considering a reverse mortgage!"

- David Thompson

TESTIMONIALS

What Our Clients Say About Us

"Working with Charles Mimnaugh at Utah Reverse was a fantastic experience. Charles was knowledgeable and patient, taking the time to explain every detail of the reverse mortgage process. He made sure we understood our options and helped us make the best decision for our financial future. Highly recommend his services!."

- Michael Anderson

"Charles Mimnaugh was incredibly helpful and professional throughout our experience with Utah Reverse. He provided clear and concise information, making a complex process much easier to understand. His expertise and friendly approach made us feel confident and secure in our decisions. We're grateful for his guidance and highly recommend him!"

- Linda Johnson

"I can't say enough good things about Charles Mimnaugh and Utah Reverse. Charles was attentive and always available to answer our questions. His deep knowledge of reverse mortgages and his ability to explain everything in simple terms made the entire process smooth and stress-free. We felt supported every step of the way and are very happy with the outcome. Highly recommend Charles for anyone considering a reverse mortgage!"

- David Thompson

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 Me

Charles Mimnaugh

President of Utah Reverse

Charles Mimnaugh is a highly skilled and dedicated professional specializing in reverse mortgages. With extensive knowledge and experience in the field, Charles is known for his exceptional customer service and commitment to helping clients achieve their financial goals. He is approachable, patient, and thorough, ensuring that every client fully understands their options and the benefits of a reverse mortgage. Charles's integrity and professionalism make him a trusted advisor, guiding clients through the process with clarity and confidence. His passion for helping others and his expertise make him a standout in the industry.

About Me

Charles Mimnaugh

President of Utah Reverse

Charles Mimnaugh is a highly skilled and dedicated professional specializing in reverse mortgages. With extensive knowledge and experience in the field, Charles is known for his exceptional customer service and commitment to helping clients achieve their financial goals. He is approachable, patient, and thorough, ensuring that every client fully understands their options and the benefits of a reverse mortgage. Charles's integrity and professionalism make him a trusted advisor, guiding clients through the process with clarity and confidence. His passion for helping others and his expertise make him a standout in the industry.

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.

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.