Reverse Mortgage Wasilla AK

A reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. But unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer use the home as their principal residence or fail to meet the obligations of the mortgage. There are certain reverse mortgage requirements you must qualify for before you can apply for this type of FHA Home Equity Conversion Mortgage (HECM) that’s only available to people 62 years of age or older. Please scroll down to learn more and get access to all the products and services in Wasilla, AK listed below.

Wells Fargo - Wasilla Branch
(866) 245-3452
581 W Parks Hwy
Wasilla, AK
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

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Wells Fargo - Cottonwood Creek Branch
(866) 245-3452
1701 E Parks Hwy
Wasilla, AK
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

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KeyBank - Colony Branch
(888) 539-1234
1150 South Colony Way
Palmer, AK
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact KeyBank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Wells Fargo - Eagle River Branch
(866) 245-3452
16600 Centerfield Drive
Eagle River, AK
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided By:
Wells Fargo - Cottonwood Creek
(907) 376-6797
1701 E Parks Hwy
Wasilla, AK
Type
Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat 10:00 AM-05:00 PM
Sun Closed

KeyBank - North Lucille Street Branch
(888) 539-1234
201 North Lucille Street
Wasilla, AK
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact KeyBank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Wells Fargo - Wasilla Wal-Mart Branch
(866) 245-3452
1350 South Seward Meridian Road
Wasilla, AK
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided By:
Wells Fargo - Palmer Branch
(866) 245-3452
705 S Bailey
Palmer, AK
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided By:
KeyBank - Eagle River Branch
(888) 539-1234
10928 Eagle River Road
Eagle River, AK
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact KeyBank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Wells Fargo - Wasilla Wal-Mart
(907) 357-6221
1350 S Seward Meridian Rd
Wasilla, AK
Type
In-Store Branch
Office Hours
Mon-Sat 10:00 AM-06:00 PM
Sun 12:00 PM-04:00 PM

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Reverse Mortgage

A reverse mortgage is sometimes called a senior reverse mortgage. These home loans allow homeowners age 62+ to borrow against equity in their homes if they meet reverse mortgage requirements. One very popular type is the FHA Home Equity Conversion Mortgage (HECM).

The FHA Home Equity Conversion Mortgage (HECM) is a special type of senior reverse mortgage. With it, the homeowner can borrow against the equity in their home without having to sell their home, give up title to their home or take on a new monthly payment on the mortgage. Instead, this type of mortgage essentially “reverses” the payment. So, instead of making a mortgage payment to the lender, the lender pays the owner instead.

This can be kind of confusing, which is why consulting with an HECM specialty lender is a good idea. The lender can help you understand the reverse mortgage eligibility requirements. Typically, the amounts you can receive are age dependent, as well as factor in the appraised value of the home, current loan interest rates, and with the government program there are also geographical caps on lending limits. Typically, the older you are, and the less you owe on your home, the more money you are able to get through a reverse mortgage.

A wonderful thing about senior reverse mortgage options is that you have choices in how the money is distributed. You can choose fixed monthly payments, a lump sum, or a line of credit. This makes these home loans flexible, and can help borrowers with financial budgeting.

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