Denver and the surrounding communities offer many benefits to retirees, providing the perfect place to enjoy the great outdoors. From hiking the beautiful trails, enjoying the nearby lakes or all the other great entertainment and recreational opportunities. As a retired homeowner you may be wondering what is the best way is to ensure you can continue to financially enjoy retirement.
Senior Lending can easily help fund your retirement with a federally insured reverse mortgage. By accessing the equity you have already built up in your home all these years with a reverse mortgage, you can eliminate monthly mortgage payments, pay off credit card debt, make needed home improvements or use for any purpose you wish.
A reverse mortgage allows older homeowners to borrow money against their primary residence. These borrowed funds give you a lump sum you can use to manage expenses and meet other needs during your retirement.
Instead of paying monthly as you would with a typical mortgage, a “reverse” mortgage gives you money based on the equity in your home. Typically, you don’t need to repay this loan. Repayment occurs after you pass away or sell the house. A Denver, Colorado, reverse mortgage allows you to enjoy your retirement in the Mile High City.
Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!
A reverse mortgage provides money to pay various life expenses during your older years, including health care costs, home renovations, income supplements or advanced inheritance for your heirs. It gives you a nontaxable source of finances because the Internal Revenue Service (IRS) considers it “loan proceeds” rather than income. Here are the main reasons older homeowners get reverse mortgages:
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Many older homeowners can benefit from the accessible funding a reverse mortgage offers. You will need to meet these requirements for approval:
There are 5 main steps to the reverse mortgage process. The entire process can all be done from the comfort of your home or in person whichever you prefer.
We are your trusted source for reverse mortgages in Denver and throughout Colorado. At Senior Lending Corporation, we provide home equity conversion mortgages (HECMs), a federally insured reverse mortgage option. Here are a few reasons we make a great partner to support your reverse mortgage:
A reverse mortgage may provide the answer you seek for an enjoyable retirement free from financial pressures. We can educate you about reverse mortgages and their guidelines so you feel fully prepared to embrace this opportunity. Talk to a licensed advisor at our reverse mortgage company in Denver, Colorado, by calling us at 800-822-1190 or contacting us online.
