Thank you for taking the time to visit my reverse mortgage website. Education is the best tool for making important decisions and you will find valuable information here. Helping seniors is what I do. For a quick quote, just complete the information on the right. Are you interested in taking steps toward furthering your financial security and preserving your cash assets.
Are you over age 62 and concerned that you may possibly outlive your savings or retirement dollars?. Because I specialize in reverse mortgages, also known as Home Equity Conversion Mortgage (HECM), I have the knowledge and the experience to assist you from beginning to end. Allow me to provide you with a loan comparison (no cost and no obligation).
Are you over age 62 and concerned that you may possibly outlive your savings or retirement dollars?. Because I specialize in reverse mortgages, also known as Home Equity Conversion Mortgage (HECM), I have the knowledge and the experience to assist you from beginning to end. Allow me to provide you with a loan comparison (no cost and no obligation).
Services
Jack Tenold will put his 26 years of experience to work for your benefit and he considers it a privilege to work with senior homeowners and their families. Getting information or applying for a reverse mortgage does not have to be an ordeal. It is easy to apply in person or over the phone. You can trust that Jack will always put your interests first.
Annuity - a monthly cash payment you get from an insurance company for the rest of your life. Creditline - a credit account that lets a borrower decide when to take money out and also how much to take out; also known as a "line-of-credit" or "credit line." Leftover Equity - the sale price of the home minus the total amount owed on it and the cost of selling it; the amount the homeowner or heirs get when the house is sold.
A reverse mortgage is a special type of home loan that lets a homeowner convert a portion of the equity in his or her home into cash. The equity built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer uses the home as his or her principal residence.
As a member of the National Reverse Mortgage Lenders Association (NRMLA), we adhere to and maintain the high standards and code of conduct which aims to protect the interests of the senior community and their families. We realize that although Reverse Mortgage products can be an excellent financial solution, they may not be the cure all for your financial needs.
Do your research. Talk to a capable reverse mortgage specialist who has experience working with seniors. Your reverse mortgage specialist should be a member of your local Better Business Bureau (BBB) and the NRMLA (National Reverse Mortgage Lenders Association). Jack Tenold's office is an accredited business with the BBB and Jack is a long-standing member of the NRMLA.
Reviews (10)
Shirley Antak
Oct 03, 2021
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Positive: Professionalism, Quality, Responsiveness, Value
Jack does everything possible to work out the best arrangement for your needs. He’s also available to answer questions and offer guidance at the time you need it. This is our second time working with Jack and we are grateful for him and his fine work.
Jack does everything possible to work out the best arrangement for your needs. He’s also available to answer questions and offer guidance at the time you need it. This is our second time working with Jack and we are grateful for him and his fine work.
Wilbur Jackson
Aug 16, 2021
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Anne Paisley
May 25, 2021
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Jack Tenold is super knowledgeable, hard working, and a man of integrity. We recommend him highly and without reservation.
My husband and I just finished buying a house with a reverse mortgage in Western Washington using the services of Jack Tenold. The real estate market is super crazy right now and it took 9 months for us to even find a house we could actually afford. Jack was patient and always answered our many questions about the process of a reverse mortgage. He was super timely with paperwork and very thorough. On top of that, he has a good sense of humor. In this real estate market that
My husband and I just finished buying a house with a reverse mortgage in Western Washington using the services of Jack Tenold. The real estate market is super crazy right now and it took 9 months for us to even find a house we could actually afford. Jack was patient and always answered our many questions about the process of a reverse mortgage. He was super timely with paperwork and very thorough. On top of that, he has a good sense of humor. In this real estate market that
Michael Rudolph
Apr 30, 2021
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Gary Jeffries
Mar 29, 2021
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It is with pleasure that I write this review for Jack Tenold. From the first phone call I made to Jack seeking basic reverse mortgage information, through the final closing, Jack was there for me. Between his communication skills and deep knowledge of the reverse mortgage process, I do not see how I could have been in better hands. I simply cannot imagine anyone having a deeper and more thorough knowledge and understanding of the reverse mortgage process than Jack Tenold! Any questions or concerns I had throughout the entire process were answered immediately, and completely, even times when all
Dana Marlow
Nov 18, 2020
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We were searching for relief from a large outgo of money. Jack Tenold took us under his wing and walked us through all the paperwork and there was a lot of it. Without his help I don’t think we would have been able to obtain our reverse mortgage. He went out of his way to make sure we did everything needed. I would definitely give him 5 stars ⭐️ ⭐️⭐️⭐️⭐️
Mitch Finley
Jul 31, 2020
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We were clueless, almost, about Reverse Mortgages, and we had no idea who to call about it. We had seen Jack Tenold's regularly appearing ad in the Spokesman-Review, and while we had no idea who he was we decided to get in touch and see where it might lead. Jack was immediately available and happy to visit with us in our home. From the first meeting we were impressed with how knowledgeable he is and how skilled at explaining clearly what for us were often complicated technical financial matters. In just a few weeks the reverse mortgage process was complete and we could benefit financially in ways
Steve Wood
Jul 18, 2020
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Definitely a 5 star guy. Did everything needed in a timely manner and just a good guy with excellent knowledge of all the details. Despite some unavoidable delays, my mortgage closed faster than any I've had in the past and yes, I've had quite a few in my 68 years. My interest rate was more than cut in half. Jack is one of the good guys and yes, helping seniors is what he does.
Linda Oien
May 17, 2020
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Considering a Reverse Mortgage?
When my sweet Mom’s financial position tightened and she began cutting her pills in half, we decided to explore the possibility of a Reverse Mortgage. By doing so, Mom would be able to enhance her financial position by accessing equity in her home.
When we met with Jack he explained the ins and outs of the program. His knowledge and expertise made it easy for Mom to understand the benefits and make the decision to pursue a Reverse Mortgage. Jack’s professional and thoughtful approach put us both at ease. Thanks to Jack’s expertise the process from start to
When my sweet Mom’s financial position tightened and she began cutting her pills in half, we decided to explore the possibility of a Reverse Mortgage. By doing so, Mom would be able to enhance her financial position by accessing equity in her home.
When we met with Jack he explained the ins and outs of the program. His knowledge and expertise made it easy for Mom to understand the benefits and make the decision to pursue a Reverse Mortgage. Jack’s professional and thoughtful approach put us both at ease. Thanks to Jack’s expertise the process from start to
Rick Watson
May 04, 2020
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Positive: Professionalism, Responsiveness
Jack made understanding and feeling comfortable with reverse mortgage a snap. He walked us through every page of the agreement. Super nice guy and checked in on us several times during and after the transaction was complete. I highly recommend Jack Tenold if you are considering a reverse mortgage.
Jack made understanding and feeling comfortable with reverse mortgage a snap. He walked us through every page of the agreement. Super nice guy and checked in on us several times during and after the transaction was complete. I highly recommend Jack Tenold if you are considering a reverse mortgage.
