Arvada offers lots to explore, from a charming historic district with shops and galleries to a robust system of parks and trails. Whether you want to have a more comfortable lifestyle or have some extra funds for adventures, Senior Lending Corporation can help you optimize your retirement.
Our advisors walk you through your reverse mortgage options in Colorado, and we offer guidance to help you choose the best loan for your financial journey. When you partner with us, we’ll help you take your next steps with confidence and peace of mind.
Instead of making monthly payments on your home, you could qualify to receive funds to support your retirement on a fixed income. Applicants who are eligible for reverse mortgages in Arvada have an opportunity to convert a portion of their home’s equity into cash. Depending on the terms, you could receive a lump sum, recurring payments or a line of credit.
An extra income makes paying for expenses such as taxes, homeowners insurance and repairs easier. Beyond maintaining your property, you could use the funds for paying off bills, making home repairs, groceries or vacations — enjoy going on a road trip, staying at a destination resort or traveling overseas. Our advisors can help you choose a home equity conversion mortgage (HECM) or proprietary reverse mortgage that makes your everyday life easier and allows you to pursue your life ambitions.
HECM reverse mortgages offer an opportunity to borrow from your home equity without making monthly payments. The loan is insured by the Federal Housing Administration (FHA) and requires a certified counseling session.
Proprietary reverse mortgages, also called jumbo reverse mortgages, can help you access more home equity. These loans are issued by private lenders and often suit higher-value homes. Since they’re not limited to the federal government’s standards, they may have more flexible terms and eligibility criteria.
Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!
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Senior Lending Corporation is committed to helping you lessen the financial burdens of retirement on a fixed income. When you partner with us for reverse mortgage consulting services, you receive:
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.
Ready to have more financial freedom and pursue your retirement dreams? Request a free information kit to learn more. Our advisors can discuss your reverse mortgage options, help you make informed decisions and assist with your application process.
Call 800-822-1190 or contact us to get started.
