Maple Valley Reverse Mortgage Loans
Many Seniors today are using a Maple Valley reverse mortgage to enhance their retirement. The Home Equity Conversion Mortgage or (HECM) is the government insured mortgage provided by private lenders and insured by the Federal Housing Administration.A reverse mortgage may be a good option for you if you would like to:
- Live independently in your own home and maintain ownership
- Make home improvements and other enhancements
- Eliminate the monthly principal and interest payment on your mortgage
- Have more liquidity with a line of credit
The question that most people ask is how exactly does this all work.
You may qualify if:
- One homeowner is at least 62 years’ old
- The home is your primary residence
- The loan proceeds are enough to pay off your existing loan and closing costs
- Pass Financial Assessment in underwriting
Reverse Mortgages Broker Maple Valley WA
The best way to find out if a Maple Valley reverse mortgage is right for you is to begin with education. Our President, John Barlow, has written an informative book called “Understanding Reverse Mortgages”. He discusses all of the ins and outs of this product and shows three examples of clients using a Maple Valley reverse mortgage who have different situations. You can find the book here on Amazon, www.amazon.com/author/jbarlow. The next phase is to give us a call to see what your loan proceeds will be and which advantages apply to you. The loan amount will be determined by the appraised value or max claim amount, age of the youngest borrower or a non-borrowing spouse, and the expected interest rate.Reverse Mortgage Maple Valley WA
Sound Financial Mortgage LLC believes in supplying our customers with a solid education, outstanding service, and a wide variety of product options to meet your needs. We believe in honesty and integrity and we will always work to maintain your trust. If you are interested in learning more about Maple Valley reverse mortgages, we would be honored if you would consider Sound Financial Mortgage LLC as one of your Maple Valley reverse mortgage brokers.Contact us if:
- You would like to speak with a professional serving Maple Valley
- To receive personalized Maple Valley reverse mortgage information
- Like to learn more about how it works and if it is right for you
- To find out more information about reverse mortgages
- If you are interested in learning more about the advantages vs. disadvantages
- If you would like more information on reverse mortgage counseling
- To determine eligibility requirements and how much you may qualify to receive

Maple Valley Tidbits
Three men named C. Russell, Henry Sidebotham, and George Ames were the first pioneers to arrive in what is currently known as Maple Valley. In 1879, the three men staked claims. Prior to bringing their families to the area, the three men improved a trail. One of the men recommended that they name the future community. Although, Mr. Russell believed that Maple Ridge was a better name, Mr. Ames proposed the name Vine Maple Valley, They placed their names on piece of paper, and placed them in a hat.The results were unanimous when two out of the three votes went for Vine Maple Valley. They also elected to have the namesake for the voting precinct be the first child born in the new community. A baby boy named Arthur Russell was born some time later, which provided the name Arthur to the first post office, which was originally located on the Russell home as well as the precinct.
There were some pioneers' cabins located on the land that surrounded the creeks that fed into Cedar River, during the early 1880's. In order to process the timber required to build homes, Mr. Russell and Mr. Ames constructed a sawmill in 1882. Although the sawmill was rebuilt it burned down twice over time, and eventually Mr. Ames relocated to Pacific City, close to Auburn.
Although it wasn't platted until 1890, Mr. Russell laid out a community, and by 1887 was known as Maple Valley. The communities of Taylor and Hobart were developed close by. However, Maple Valley was the centerpiece because of the railroad. Trains started hauling coal on a narrow gauge track from the close by mining community of Black Diamond in 1885. In 1904, the track was widened.
Just east of the community, the Milwaukee Railroad came through the Cascade Mountains in 1907. Workers relocated into the region while the tracks were being laid to the west. There was also a need for rail workers as a result of the Northern Pacific Railroad, to the south. There were more jobs because there was more lumber milling since there were more residents. Much work was also needed in Seattle because the community had selected the Cedar River for its watershed.
Although Maple Valley also had a stake in coal, to the south, the center of the coal mining activity was Black Diamond. In 1884, mining began in Cedar Mountain, and mining continued until 1947.
There were two saloons, a blacksmith shop, a restaurant, a barber shop, two hotels, and a general store in Maple Valley by 1909. A two room schoolhouse was constructed in 1910. However, a larger schoolhouse was soon needed. In 1920, a brick, three floor schoolhouse was constructed. Farming became important in order to provide food for hungry lumbermen, miners, as well as their families. Berry, poultry, and dairy farming were the primary staples grown in the region, while Renton provided the other foodstuffs. Although, the creation of the watershed diminished the salmon runs, the Cedar River was popular for salmon fishing. Some of the early settlers remember the days when salmon were so thick in the river that they could be easily caught using only gaffes, spears, and sometimes bare hands).
Even more people arrived in the region with the increase in the availability of the automobile, starting in the 1920's. Residents of Seattle used the close by lakes as getaways for vacations. Lake Wilderness became a resort lake after being home to one of King County's larger lumber mills. For years, hunters and fisherman had been coming to the lake. However, Kane and Tom Gaffney started the development of a resort in 1925 that offered a chicken dinner restaurant, a roller rink, and ballroom.
The resort featured a nine hole golf course, a bowling alley, and 60 rental cabins by 1949. When the rationing of gas was in effect during WW II, busloads of people arrived to dance on Saturday nights. One of the most popular vacation destinations in the county was Gaffney's Resort. In 1964, King County purchased the resort can converted it into a regional county park.
More roads were required as the result of the increase in use of the automobile. The Maple Valley road was the only route through the community for years. Work started on a major highway from Auburn during the early 1960's. Right in the center of downtown Maple Valley, the new highway crossed Maple Valley road. Many structures were demolished or relocated as the highway was being constructed. It is fortunate that at this time, the residents of Maple Valley started to capture much of their history, so that the memory of what once was could be preserved.
Much the same as many communities in the ever expanding suburban ring of Seattle, Maple Valley has its share of housing developments, gas stations, and shopping malls. However, because the residents of Maple Valley were for so long spread throughout the hillsides, it took longer to develop. There is still a rural feel to the community because of the abundant wildlife, parks, woods, streams, and lakes.
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Planning your long term goals takes a great deal of care. Let our team help answer your questions. You can get help calculating your loan amount by calling us at (425) 427-9377 or by filling out our online form.