Reverse Mortgages for Senior Homeowners
A reverse mortgage or HECM (Home Equity Conversion Mortgage) is a great opportunity for senior homeowners in Colorado who want to be financially independent. You have the opportunity to turn your home equity into cash that you can choose to use as you prefer. Use this money to help your loved ones, fund home repairs, and enjoy additional leisure activities; it is your hard earned money. You will have the freedom for which you have worked hard all your life.
- Life happens, and it is always better to be prepared. With a reverse mortgage you will be guaranteed against the unexpected.
- You can decide how you prefer to receive your money, and have the chance to get a fixed supplementary income every month.
- Choosing to do a reverse mortgage can help you reduce your debt and eliminate your existing mortgage payments.
- You’ll have the additional funds you may require to help yourself and your loved ones. You’ll be able to be an important resource in case of need.