Reverse Mortgages Near You - Boise Reverse Mortgage Lender
Meet Paul Anderson
Paul Anderson
Area Manager and Senior Loan Officer
NMLS #182954 | AZ MLO 1035065
(208) 794-2830
Get the best reverse mortgage deals in Boise, Idaho.
Paul Anderson and Encompass Lending Group comprise one of Boise’s top teams if you’re curious as to how a reverse mortgage might help you – from Eagle to Meridian and Nampa and anywhere in Ada County.
Paul gained his passion for the real estate and mortgage industry helping out his Dad as an eight-year-old and he still loves each and every day of his chosen career.
“We are able to attract and retain the highest quality people which means your loan will always be in good hands,” Paul says.
“Our culture provides the framework for every decision we make, ensuring your dreams remain our highest priority.”
Paul is proficient with all types of loans but directs much of his time to helping Idaho’s retirees refinance with reverse mortgages.
He has a real passion for advising and educating people about their benefits.
“In a world of online experts and push-button mortgages, I believe the human connection still matters,” Paul says.
“There is never a one-size-fits-all solution when it comes to making one of the biggest financial commitments of your life.
“My team and I will listen so we can provide you with individualized mortgage solutions based on your unique circumstances and goals.”
Paul was born and raised in Boise and has lived in Eagle since 2011.
Let Paul’s passion make your retirement dreams become a reality - he won’t let you down.
“I pledge to handle every facet of your transaction with professionalism, dedication and personalized care. It’s my goal that you are 100% satisfied throughout the entire transaction.”
What is a reverse mortgage?
A reverse mortgage is a wonderful tool for retirees who have equity in their homes but are struggling with rising prices and day to day living expenses.
As long as you are at least 62 years of age, you can apply for this mortgage which gives homeowners access to their equity and the ability to transform it into a potentially life-changing income stream.
This allows them to remain in their family homes, rather than entertain the distasteful notion of having to sell up and downsize, just to see out their retirement.
They can then enjoy their sunset years without the stress of moving or having to count every penny.
Funds can be made available in a number different ways including a line of credit, monthly installments, a lump sum or even 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 a really smart way homeowners can set themselves up for a very comfortable retirement.
House prices in Boise have doubled in less than six years, climbing to $494,220 although they have encountered a slight correction of 5.1% over the last 12 months* (https://www.zillow.com/home-values/3737/boise-id/).
Already 1,635 residents in the Boise area have purchased a reverse mortgage with 541 signing on in the last year*.
About Boise, Idaho
Boise is a French word meaning “wooded” and was first used to identify the Boise river by French-Canadian fur hunters in the 19th century.
They in turn were translating an English name for the waterway with an 1812 record by Robert Stuart calling it “The Wooded River”.
Today, Boise, known as the “city of trees”, is the state capital of Idaho.
Its 235,000 residents (2020 census) also make it Idaho’s most populous city.
Lying 2,704 feet above sea level, its metropolitan area is known as the Treasure Valley.
The city has a vibrant jazz, theater, performing arts and indie music scene with the Gene Harris Jazz Festival celebrated every spring.
The Bogus Basin ski area offers alpine skiing and snowboarding just 16 miles from the city limits.
And the Anne Frank Human Rights Memorial is the only human rights memorial in the country.
A quirky old law dictates that it is illegal to ride a merry-go-round in Boise on a Sunday but it is rarely enforced.
Contact your Boise reverse mortgage lender today.
Paul and his Encompass Lending Group team team are standing by to answer any and all of your questions about reverse mortgages.
If you think he can be of assistance, please call him at (208) 794-2830 and he will be only too happy to assist you.
*As of February 2023
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