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Reverse Mortgages in Thornton

Thornton is a great place to retire, with plenty of parks for those who like to keep active and convenient access to Denver. If you own a home in Thornton and want to stay there throughout your older years, a reverse mortgage could be an excellent way to do so. Senior Lending Corporation can help you explore this financial option and work through the process of getting a home equity conversion mortgage (HECM).

800-822-1190

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The Basics of Reverse Mortgages

A reverse mortgage is a type of loan that, rather than helping you purchase a home like a regular mortgage, uses the equity on a property you already own.

The most prevalent type of reverse mortgage, a HECM, includes federal protection. Using a HECM, you can borrow money in various ways to suit your situation, including a lump sum, monthly payments or a line of credit.

Watch the “Blind Test” video to see why over 1 million retirees have chosen a HECM Reverse Mortgage Line of Credit!

Why Consider a Reverse Mortgage?

As a senior, your home may be one of your most valuable assets. Using a reverse mortgage, you can get cash from your home equity that you can use for numerous expenses that arise during your older years. Besides covering the necessities, the funding you receive can help you make your retirement better. This financial option is a good choice for those seeking extra funds for uses like:

  • Home upgrades
  • Medical expenses
  • Income support
  • Credit card and loan payments
  • Travel
  • Living inheritance
  • Mortgage payoff

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Meeting Eligibility Criteria

To access HECM reverse mortgage funds, you must meet several requirements. You must:

  • Be at least 62 years old
  • Spend most of your time living in your Thornton home
  • Own the house and have a low mortgage balance
  • Receive counseling from an approved agency to learn more about the loan
  • Be without federal debt like income taxes or student loans

Qualify In Just 3 Easy Steps

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Reverse Mortgage Application Process

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.

1

FHA Counseling

2

Application

3

Appraisal

4

Underwriting

5

Closing

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98% Client Satisfaction Rate

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We Put You First

At Senior Lending Corporation, we’re committed to helping retirees seize their older years. Our reverse mortgage process involves thorough education, responsive service and a discussion of your options to help find the best one for you. From your first conversation to the closing process, you will work closely with a licensed advisor.

Our local reverse mortgage company has years of experience working with residents to secure funding.

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Discover the Possibilities for Your Older Years

Your retirement is a time to relax and spend time on personal pursuits. Gain the financing you need to support your lifestyle with reverse mortgages in Colorado from Senior Lending Corporation. Call 800-822-1190 or 800-822-1190 to get started.