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

Did you know that there are various loan limits for reverse mortgages?

The HECM loan is an FHA loan and is limited to FHA lending limits per county. For example, Douglas County in Colorado caps their lending limit at $308,370.00. A Fannie Mae loan limits their loans to $417,000.00. The “jumbo” product limit is $10,000,000.00.

You are not limited to just the government loans. Please contact me for more information on a reverse mortgage, and we can determine loan limits based on your particular situation.

Reverse Mortgage Consultant - Denver, CO
Phone: 720.641.3482