Reverse Mortgages for Senior Homeowners
Epidemic: If you are considering a reverse mortgage, just as a note, while other financial products are being effected by the current Coronavirus epidemic, this program remains unaffected in the marketplace. Call me with any questions: (720) 336-7250
A reverse mortgage or HECM (Home Equity Conversion Mortgage) is a great opportunity for senior homeowners in Colorado who want to be financially independent. You have the opportunity to turn your home equity into cash that you can choose to use as you prefer. Use this money to help your loved ones, fund home repairs, and enjoy additional leisure activities; it is your hard earned money. You will have the freedom for which you have worked hard all your life.
Reverse mortgages have been helping retirees utilize the equity that they have built up in their homes over their years of ownership; they eliminate monthly mortgage payments and give them money in-hand to pay bills and build their nest egg. If you have recently retired and your home is valued over $1 million, you may want to look into the potential benefits that a jumbo reverse mortgage could offer you.
- Life happens, and it is always better to be prepared. With a reverse mortgage you will be guaranteed against the unexpected.
- You can decide how you prefer to receive your money, and have the chance to get a fixed supplementary income every month.
- Choosing to do a reverse mortgage can help you reduce your debt and eliminate your existing mortgage payments.
- You’ll have the additional funds you may require to help yourself and your loved ones. You’ll be able to be an important resource in case of need.