With beautiful mountain surroundings and a growing population of retirees, Colorado Springs is the perfect place to spend your golden years. With a reverse mortgage, you can stay in your home while you age. You’ll gain greater financial freedom to support your lifestyle.
A reverse mortgage allows you to use the equity you’ve built in your home to access funds as you grow older. Home equity conversion mortgages (HECMs) are the most common type and offer federal protection for your peace of mind.
The amount you can borrow depends on factors like the value of your home. Once you take out the loan, you can choose to receive the proceeds in a way that suits you, from a lump sum to monthly payments or a line of credit.
A HECM reverse mortgage provides many benefits for older homeowners, including:
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To access a HECM, you must meet several requirements. First, borrowers must be at least 62 years old. You must also have sufficient equity in your home and live on the property as your primary residence and you must meet with an approved counselor to ensure you know the details of the loan.
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 a local reverse mortgage company offering HECMs to seniors living in various places, including in Colorado. Our team has several advantages that make us a good choice:
Live your retirement the way you always dreamed of with HECMs from Senior Lending Corporation. Call 800-822-1190 to discover how we can help you gain the retirement you’ve dreamed of.
