Whether they admit it or not, the Boomers are getting older and experiencing some of the common fears associated with the aging process. Some can be somewhat controlled like keeping their good health. Diet, exercise, stress release and other considerations may help keep the Boomers out of the medical system and help maintain a reasonable quality of life as they “get up in there.”

A major fear on most elders minds is the fear of either out-living one’s money or just not having enough to enjoy life in the Golden Years. We all know the issues with Social Security and even if it were to be managed properly, few people can make ends meet with those checks. And it’s a fact that many Boomers are living beyond their means. Debt is at an all time high in this country. The mortgage crisis is impacting many people’s largest asset — their home equity. So for many Boomers, their financial fears are real and justified. (more…)

Reverse mortgage lenders address key questions seniors have regarding reverse mortgages

Q: How do I qualify?
A: If you’re 62 or older and own your home, you’re eligible for a reverse mortgage. There are no income qualifications.

Q: How much money can I hope to get from reverse mortgage lenders?
A: That depends on facts such as your age and your home’s appraised value. Generally, the older you are and the more your home is worth, the more money you can hope to receive. Your reverse mortgage lender will be able to give you the exact amount. (more…)

A local, retired pediatrician and his wife have always wanted to take a lengthy vacation to Europe. Realizing that time is passing them by and they’re not getting any younger, they decided to seriously consider planning such a trip.

Not wanting to disturb their investment portfolio, they looked into and decided upon a reverse mortgage to fund their dream vacation. Within a few weeks of application, they received their lump sum funds and are now preparing to spend three months touring Europe. Needless to say they are excited!

Life is short and there’s no reason to not pursue your dreams. If you’re a homeowner and 62 or older, a reverse mortgage could also help you do what you’ve always dreamed about …

>> Another success story for reverse mortgages in Denver, CO

Reverse mortgage consultant - Denver, Colorado