Information for Retirement Planning

  • Exploring Reverse Mortgage and Divorce

    It’s becoming more and more common for seniors to divorce after retirement.  This is happening for various reasons, but a big one is that retirement now last for decades versus only years, and many people are looking to make those golden years the best yet. But senior divorces can get messy, as there are often […]

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  • Can I Sell A Home With An Existing Reverse Mortgage

    Typically when a senior takes out a reverse mortgage loan on a home, they intend to age there.  But on occasion and for various reasons, the homeowners wants to or needs to sell the home before the loan comes due and payable.  So, what now? Although this is an important factor, it’s not nearly as daunting as it […]

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  • What Does it Mean When a Reverse Mortgage is FHA Insured?

    If you’ve taken the time to learn even a little bit about a reverse mortgage, it’s likely you’ve heard the term “FHA insured” at least a couple of times.  But what exactly does it mean? Homeowners 62 and over, with significant equity in their home, may be eligible for a reverse mortgage.  These loans are typically insured by […]

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  • What To Look For In A Reverse Mortgage Lender

    For many retirees, a reverse mortgage is a feasible option to living the golden years they always dreamed of, or for others it may be a path to living within a budget without the constraints and worry of excessive financial distress.  In order to qualify for a reverse mortgage, the individual must own their home, […]

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  • Will A Reverse Mortgage Affect Social Security, Medicare & Pension?

    A very common concern among seniors and adult children when considering a reverse mortgage is how it will affect social security, medicare, and even certain pensions.  For many seniors, these benefits are a large part of their income. Fortunately, because the funds from a reverse mortgage are NOT considered taxable income, a borrower’s benefits will not be affected when taking out a […]

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  • Can Reverse Mortgage Help You Achieve Your Retirement Vision?

    In an era where “retirement” has taken on whole new meaning and commonly lasts for two or three decades, more and more retirees are ready to live the latter part of their life to the fullest.  They see this as a time to enjoy life after years of working and raising a family.  But in order to […]

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  • Dissecting The Differences In Reverse Mortgage Professionals

    When you start navigating the waters of reverse mortgages, you will undoubtedly come across MANY different companies and individuals ready and willing to help.  Flashy ads, website calculators, famous spokesmen, and more.  But who are all these people?  And what is the difference between them?  How do you know what is the best fit for YOU? […]

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  • What Will I Be Responsible For After I Get A Reverse Mortgage?

    Reverse Mortgages have helped millions of seniors live more plentiful lives as they age.  Homeowners and their spouses over the age of 62 are eligible for Home Equity Conversion Mortgages (HECM), but although they will NOT have a monthly mortgage payment to pay, they are still responsible for some financial obligations regarding the home.  These include: […]

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  • Is Reverse Mortgage Good Financial Strategy?

    Reverse mortgages are available to seniors 62 and over who either have their home paid off or have substantial equity.  Certain criteria applies to the home in order to meet HUD’s rules, and although anyone on the loan must be 62 and over, they are available to married couples the same as individuals.  The funds available from these FHA insured […]

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  • Here’s How To Know If Your Home Qualifies For A Reverse Mortgage

    Reverse Mortgages are a specialized loan available to seniors 62 and over.  This creative resource is used by a wide demographic – from those looking to supplement a fixed income, to the more affluent in need of protection for retirement assets, and even those wanting to purchase a home in retirement.  But there are some requirements when it comes […]

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  • What Is Required Reverse Mortgage Counseling?

    Prior to being approved for a reverse mortgage, HUD’s Federal Housing Administration (FHA) requires each borrow to participate in a counseling session with an approved agency. These not-for-profit agencies are funded by the federal government and work closely with both the FHA and lenders to ensure a smooth process. The goal of this session is […]

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  • Three Things You Never Knew About A Reverse Mortgage

    Reverse mortgages are available to senior homeowners 62 and over, even married couples.  The borrower will live mortgage payment free and always retain the title to the home.  There are many myths and misconceptions that surround reverse mortgages – but there are also some not-so-known perks to the loans.   Here are my top three: 1.) Most […]

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  • Tips for Selling an Inherited Property

    Selling an inherited home can be one of the most difficult situations for both realtor and seller. It can be an overwhelming experience, filled with emotion and lots of questions. While talking about it is hard, it is smart to be prepared. This includes having conversations as a family to determine who will be included […]

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  • Should Home Equity Be Used In Retirement Planning?

    Did you know home equity can be used to reduce the overall risk of your retirement plan? Your house is a great asset that for many years has been overlooked in financial planning for seniors. This is making a sharp turn lately as retirement experts are beginning to understand how tapping into home equity via a reverse […]

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  • Everything You Need To Know About A Reverse Mortgage For Purchase

    We’re all familiar with the two most common options to purchase a home – take out a mortgage loan or pay cash.  But for seniors 62 and over, there’s another option – the Reverse Mortgage for Purchase program (aka HECM for Purchase). Looking for a home in Fort Collins, Loveland or Longmont, Colorado but finding it’s […]

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  • What Responsibilities Will A Reverse Mortgage Borrower Have?

    Reverse Mortgages have helped millions of seniors live more plentiful lives as they age.  Homeowners and their spouses over the age of 62 are eligible for Home Equity Conversion Mortgages (HECM), but although they will NOT have a monthly mortgage payment to pay, they are still responsible for some financial obligations regarding the home.  These include: […]

    more...

  • Can A Reverse Mortgage Provide Financial Security?

    The reverse mortgage of today is NOT your mother’s reverse mortgage.  The once shamed program is now helping seniors from all different walks of life fill retirement gaps and provide protection and stability through their golden years. Financial advisers and retirement planners are beginning to incorporate a reverse mortgage into retirement portfolios at the beginning of retirement, […]

    more...

  • Can I Sell My Home If I Have A Reverse Mortgage Loan?

    For many that obtain a reverse mortgage, the plan is to stay and age at home, but sometimes reasons come up that the homeowner will want or need to sell the home.  Is this possible if there is a reverse mortgage on the home?  And what does it look like? Can a home with a […]

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  • Gray Divorce Rates Are Climbing – Can Reverse Mortgage Help?

    A brand new Pew Research poll highlighted a very interesting trend among divorce in the United States – while divorce rates have drastically declined among younger adults, it’s nearly doubled among adults 50 and over in the past 25 years.  The truth is, it’s becoming more and more common for seniors to divorce after retirement. […]

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  • What Happens To The Reverse Mortgage After The Borrower Moves Out Or Passes?

    A common question and concern surrounding reverse mortgage is what will happen to the home after the homeowners pass away?  Will the bank take possession?  Will it be allowed as inheritance?  Will it be possible to keep the home in the family?  Will the family of he deceased be held liable?  These are very valid […]

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  • What is a HUD Eligible Home for Reverse Mortgages?

    Reverse Mortgages are a specialized loan available to seniors 62 and over.  This creative resource is used by a wide demographic – from those looking to supplement a fixed income, to the more affluent in need of protection for retirement assets, and even those wanting to purchase a home in retirement.  But there are some requirements when it comes […]

    more...

  • How to Use Home Equity for Retirement Security

    Did you know home equity can be used to reduce the overall risk of your retirement plan? Your house is a great asset that for many years has been overlooked in financial planning for seniors. This is making a sharp turn lately as retirement experts are beginning to understand how tapping into home equity via […]

    more...

  • HUD Secretary Ben Carson On Reverse Mortgages

    Every four years, we’re guaranteed a presidential election, and every eight years we’re guaranteed a new president.  2016’s presidential election saw one of the most divisive shifts in federal policy in a very long time.  This certainly put many industries on edge, wondering what it would mean for them.  HUD secretary, Dr. Ben Carson, recently […]

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  • What’s So Great About a Reverse Mortgage Line of Credit?

    The HECM Reverse Mortgage Line of Credit is still relatively new, and to this day many within the financial and retirement industries haven’t fully grasped how it works.  Well, they need to get on board because consumers are interested – and they should be.  Here’s why.. First, what is a line of credit?  Simply put, […]

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  • Understanding Different Reverse Mortgage Professionals

    When you start navigating the waters of reverse mortgages, you will undoubtedly come across MANY different companies and individuals ready and willing to help.  Flashy ads, website calculators, famous spokesmen, and more.  But who are all these people?  And what is the difference between them?  How do you know what is the best fit for […]

    more...

  • Should You Refinance Your Reverse Mortgage Loan?

    Reverse mortgages are for seniors 62 and older, including married couples, and were once considered a life line. Times have changed, and now reverse mortgages are regularly being incorporated into retirement planning.  But refinance a reverse mortgage?  It’s not something you hear about often, or maybe you don’t even realize it’s an option.  And why […]

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  • Why Your Retirement Will Be Different Than Your Parents’

    Decades ago, when our parents were working and raising a family, they looked at retirement as the true golden years.  It would be a time when they stopped working and lived off the fruits of their savings and investments.  Retirement planners used a three-legged-stool strategy back then.  The make up of this stool was Social Security, […]

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  • What To Know About Reverse Mortgages And Taxes

    There are many differences between a reverse mortgage and a traditional mortgage – and taxes are a big one.  Here’s a run down of what to expect come tax time if you have a reverse mortgage. The Tax Liability Issue Because any funds you receive from a reverse mortgage are essentially an advance on your […]

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  • How Bad Is The Retirement Crisis, Really?

    Numbers are being released showing that the impending retirement crisis may be worse than originally thought. Half of Americans have less than $10,000 in savings.  Nearly half of the oldest Baby Boomer generation have insufficient resources to pay for basic retirement living expenses and healthcare costs. The Center for Retirement Research at Boston College estimates […]

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  • What Rising Interest Rates Mean for Reverse Mortgages

    Interest rates have been at historic lows for years.  This has afforded thousands of Americans to the ability to secure home loans for their dream house.  It’s also worked in favor for those who have made the decision to tap in their home equity using a reverse mortgage.  But interest rates affect a conventional loan […]

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  • Why a Reverse Mortgage is a Good Financial Strategy

    How getting a reverse mortgage in Loveland and Greeley, CO is the most important financial strategy for you.

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  • Reverse Mortgage in Colorado – 5 Quick Facts

    The Reverse Mortgage, created to aid the realization of retirees dreams, will be in your face if you have approached, or are approaching, the eligible age of 62. As with the all special offers across Colorado, marketing can promote it in such a way as to allure you – or to terrify you.   There […]

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  • Delay Social Security Benefits with a Reverse Mortgage

    In Fort Collins, Colorado it’s easy to use a reverse mortgage to delay social security benefits – and retirees even stand to make gains!

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  • Why Society Is Reversing Their Thinking On Reverse Mortgages

    With major changes last year to the reverse mortgage industry, we’re seeing new collaborations between financial advisers, retirement planners, and reverse mortgage specialists.

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  • Reverse Mortgage and Your Taxes

    It’s tax time in Northern Colorado, and if you have a reverse mortgage or are considering one, there are a few simple things you should know.

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  • What is an FHA Insured Reverse Mortgage Loan?

    Most reverse mortgages in Longmont, Colorado are insured by the FHA. But what exactly does this mean? Read on to find out…

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  • Can a Reverse Mortgage Provide Financial Security for Life?

    The reverse mortgage of today is NOT your mother’s reverse mortgage.  The once shamed program is now helping seniors from all different walks of life fill retirement gaps and provide protection and stability through their golden years. Financial advisers and retirement planners are beginning to incorporate a reverse mortgage into retirement portfolios at the beginning of retirement, […]

    more...

  • Six Ways to Use a Reverse Mortgage to Protect Retirement Income

    Six ways to use reverse mortgage to protect retirement income in Loveland, Colorado

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  • How to Use Home Equity for Retirement Security

    Did you know home equity can be used to reduce the overall risk of your retirement plan?  Your house is a great asset that for many years has been overlooked in financial planning for seniors. This is making a sharp turn lately as retirement experts are beginning to understand how tapping into home equity via a […]

    more...

  • Should Reverse Mortgage Be Part Of Your Retirement Portfolio?

    Retirees in Colorado are looking to reverse mortgage when developing a retirement funding strategy. Here’s why…

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  • Crisis in Retirement

    Approx half of those reaching retirement age in Longmont, CO do not have enough in savings to stop working and reverse mortgages are coming to the rescue.

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  • What Latest Reverse Mortgage Changes Really Mean?

    Recently HUD imposed to regulations on reverse mortgage lenders in Loveland, Colorado and the rest of the country. But what do these changes really mean?

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  • Retirement on the Horizon with Reverse Mortgage

    The fulfilling and fun “Golden Years” of retirement are not out of reach with reverse mortgage in Longmont, Colorado.

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  • Taxes and a Reverse Mortgage in Colorado

    It’s tax time in Fort Collins and Loveland, Colorado – but what does that mean for those with a reverse mortgage? I’m here to help answer your questions.

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  • Reverse Mortgage Financial Assesment in Colorado

    The FHA’s reverse mortgage financial assessment has been delayed until April 27th, 2015 in Longmont, CO. This means the time to act is now!

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  • Credit Lines Magnify Every Month with a Reverse Mortgage

    Use a reverse mortgage line of credit and watch the available funds magnify over time in Loveland, Colorado.

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  • The Time is NOW to Consider a Reverse Mortgage

    Consider a reverse mortgage and secure a credit line at the lower rates, then your credit line will actually INCREASE in Longmont, Colorado.

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  • Baby Boomers Have Largest Home Equity, Study Finds

    Zillow’s Negative Equity Report shows baby boomers with the lowest underwater mortgages proving them to be prime for Reverse Mortgage & Purchase…

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  • Reverse Mortgages Can Eliminate House Payment

    Whether looking get out of HELOC debt, eliminate mortgage payment, or help with a modification reset, reverse mortgages in Longmont, CO can help.

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  • Can A Reverse Mortgage in Greeley, CO Provide Guaranteed Cash Flow For Life?

    The average retiree in Greeley, Colorado lives off $1,230 per mth from Social Security and a small nest egg. A reverse mortgage can change this.

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  • Maturity Date versus Maturity Event in Reverse Mortgage Loan

    A maturity event and maturity date are different in Fort Collins, Colorado. Learn which is right for northern Colorado seniors.

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  • Can Reverse Mortgage Help You Achieve Your Retirement Vision?

    In Loveland, Colorado retirement now lasts two or three decades. Developing a strong vision and utilizing a reverse mortgage can help in achieving dreams.

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  • Reverse Mortgage and the ‘Standby’ Strategy

    In Longmont and Boulder County, Colorado reverse mortgages are being used as a responsible option for long-term financial planning in retirement.

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  • Reverse Mortgage in Retirement : Now or Last Resort?

    Research shows that many baby boomers will need to use home equity as part of their retirement strategy in Fort Collins and Northern Colorado.

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  • 5 Things You Should Know About A Reverse Mortgage

    Senior homeowners in Greeley, Colorado are bombarded with reverse mortgage marketing. I’ll help you filter through the hype & answer common questions.

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  • HECM LOC Credit Line Grows Every Month

    Unlike a traditional HELOC, the HECM LOC credit line grows each month on a reverse mortgage in Longmont and Boulder County, Colorado

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  • NBC’s Today Show Discusses Reverse Mortgage

    In this short video from The Today Show, Jean Chatzky answers some common questions about reverse mortgage in Fort Collins, Colorado

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  • Reverse Mortgage Fosters Relationship with Senior Real Estate Specialists

    In Longmont and Boulder County Colorado reverse mortgage lenders are fostering an important relationship with the Senior Real Estate Specialist Council

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  • How to Alleviate HELOC Payment Shock with Reverse Mortgage

    Loveland and Fort Collins Colorado homeowners using reverse mortgage to alleviate their HELOC payment shock as loans amortize and payments adjust.

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  • A Retirement Crisis by the Numbers

    Numbers are showing seniors are unprepared for retirement. Reverse mortgage is helping seniors in Loveland and Fort Collins, Colorado fill the gaps.

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  • Reverse Mortgage Changes Opens Doors of Opportunity

    Since the reverse mortgage industry saw big changes, financial planners and lenders are collaborating more than ever before in Greeley, Colorado.

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  • Changes to Reverse Mortgage

      I was recently informed that upcoming changes to the FHA Insured Reverse Mortgage program will reduce the amount of proceeds our clients will receive from the loan. FHA may increase rates which, in turn, will decrease proceeds.   In addition, lenders have been notified that there will be stronger qualifying guidelines in the form […]

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  • How Reverse Mortgage is Helping the Baby Boomers

    Retirement and financial planners work closely with reverse mortgage lenders to help baby boomers through retirement in Fort Collins, Colorado

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  • Finding a Reverse Mortgage Lender

    Finding a reverse mortgage lender in Fort Collins, Loveland and Greeley Colorado can be daunting. Understand what to look for in a lender.

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  • Understanding Elder Law

    Elder law attorneys should have knowledge of reverse mortgage in Colorado and across the nation. Find out what to look for in an elder law attorney.

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  • Are Reverse Mortgages an Under-Utilized Lifeline?

    Two or three decades ago, the idea that an elderly couple or individual could live comfortably in their home far beyond retirement was practically unheard of.  Preparing for aging meant retirement homes, assisted living, or moving in with adult children.  Now today people are living longer and healthier lives than ever, but on the flip-side, […]

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  • Frequently Asked Questions – Part 3

    This is the third in a three part series of frequently asked questions about Reverse Mortgage.  You can find Part 1 here and Part 2 here.  If you have questions that are not currently listed, please don’t hesitate to contact me directly.   Will I Lose My Government Assistance If I Get a Reverse Mortgage? […]

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  • Responsibility as a Reverse Mortgage Holder

      Reverse Mortgages have helped millions of seniors live more plentiful lives as they age.  Homeowners and their spouses over the age of 62 are eligible for Home Equity Conversion Mortgages (HECM) regardless of income and credit.  But although they will not have a monthly mortgage payment to pay, they are still responsible for some […]

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  • Reverse Mortgage Tips for Married Couples

      It’s not uncommon to hear heartbreaking stories of reverse mortgages that left a spouse in dire straits after the other spouse passed away.  How could this happen?  Is it something that you need to worry about?  If you and your spouse are considering obtaining a reverse mortgage, it’s important to understand the long term […]

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  • What is Required Reverse Mortgage Counseling?

    Prior to being approved for a reverse mortgage, HUD’s Federal Housing Administration (FHA) requires each borrow to participate in a counseling session with an approved agency. These not-for-profit agencies are funded by the federal government and work closely with both the FHA and lenders to ensure a smooth process. The goal of this session is […]

    more...

  • Reverse Mortgage and Retirement Financial Planning

    Jan Jordan is a Reverse Mortgage Specialist serving the Fort Collins, Loveland, Greeley, Northern Colorado and Front Range areas of Colorado.

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