Do you want to know how much you could qualify for with a reverse mortgage? AARP’s web site has a consumer friendly reverse mortgage loan calculator. Click on the following link to determine whether or not you can qualify and if so, what funds might be available to you.

AARP Reverse Mortgage Calculator

Call me anytime for additional information about the reverse mortgage calculator … I can be reached at 720.641.3482.

As retirement approaches, many seniors look to reverse mortgages as an additional tool for making the most of their “golden years” and ensuring greater independence and peace of mind. So why are seniors considering reverse mortgages?

• Benefit from a proven, safe financial tool
  Many homeowners age 62 and older in Colorado and across the nation are enjoying the benefits of a reverse mortgage. It can be a key component of a well-balanced retirement plan, providing seniors with extra cash to live a more fulfilling and independent life. With built-in government safeguards, it’s a financial tool that can be used with confidence. (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…)