Senior Lending Corporation helps provide financial freedom to Pueblo homeowners through a federally guaranteed Home Equity Conversion Mortgage (HECM) or a proprietary mortgage. You can use the equity you’ve earned in your home to completely eliminate your monthly mortgage payments, improve your retirement income, pay off debts or do anything else you choose with the additional funds.
Working with Senior Lending Corporation as your proprietary mortgage or HECM company in Pueblo can help you retire comfortably in a community you prefer. Reverse mortgages provide you with additional financial freedom to deal with whatever life throws at you.
Reverse mortgages in Pueblo, for example, may give you the funds you need for home improvements such as adding accessibility features, repairing roofs and protecting your home from natural disasters. These upgrades can help give you peace of mind as you age at home. You can also use the funds for other expenses, like medical bills, property taxes, emergency costs, and more.
Your reverse mortgage options with Senior Lending Corporation are:
Pueblo homeowners aged 62 and up can borrow a portion of their home value in cash through a reverse mortgage known as a Home Equity Conversion Mortgage without leaving their residence.Â
Working with a Pueblo HECM company requires you to still own your home, among other requirements. You must remain in the house as your primary residence and continue to pay property taxes and other expenses, but you’ll have no mortgage payments to make.Â
The federal government does not back a proprietary mortgage — instead, a private company does. You still own your home, and you won’t have mortgage payments to make. This line of credit offers higher loan limits compared to an HECM. The minimum age for this loan is 55, and more property types are eligible for a proprietary mortgage.Â
The right reverse mortgage type for you will depend on your age, the type of home you have, the value of your home, the form of payout you’d like to receive, and other factors. After deciding that a reverse mortgage is the right decision for you, our knowledgeable Pueblo team will walk you through all of your options and answer any questions you may have.
Senior Lending Corporation starts with a consultation with an expert advisor to learn about your goals and provide you with an initial quote tailored to your Pueblo home. To ensure you understand everything, the first step is to complete the required counselling. Following that, your advisor will focus on the application and any additional forms needed regarding your application. After you are accepted, you will have complete access to your funds.
Senior Lending Corporation assists homeowners in Pueblo with home equity reverse mortgages. Discover how you can eliminate monthly mortgage payments, supplement income or get a line of credit while still owning your home. Contact us with questions or to get started with your Pueblo reverse mortgage today.
