Reverse Mortgage for Purchase

  • Reverse Mortgage For Purchase Explained

    Reverse Mortgages, once typically thought to only help struggling seniors, have undergone enormous changes recently and are being used to help even affluent retirees achieve their retirement dreams and home buyers purchase new homes. The Reverse Mortgage for Purchase program is quickly gaining in popularity. This program allows seniors to purchase a home using a reverse mortgage […]

    read more...

  • New FHA Rules Expand Reverse Mortgage Market To Include Condos

    Effective October 15, 2019 a new rule by the FHA will make it easier for condo owners to get HECM Reverse Mortgages. Currently most condos cannot obtain HECM Reverse Mortgage loans because they require approval of the entire building, which includes multiple units.  The new change allows for approval of single units.  This is a […]

    read more...

  • Cash Purchase vs Reverse Mortgage For Purchase: Pros and Cons

    In this day and age, buying a home with cash is rare.  And not because of the reasons you may think – such as who has that much cash nowadays?  Well, that is part of the reason, but it’s a little more complicated than that.  Those who have a substantial amount of cash are finding […]

    read more...

  • Reverse Mortgages Can Help Widows Purchase A New Home

    It’s a scenario all to familiar for the elderly in Northern Colorado… A spouse passes away leaving behind a widow.  The remaining partner wants to move closer to family.  But there’s a catch – although the widow’s current home is owned outright, they would typically need to sell it before they could purchase another.   And […]

    read more...

  • 5 Fast Facts About Reverse Mortgages in Colorado

    Reverse mortgages have made a serious comeback in the past several years.  After regulation changes were enacted in 2015, the reverse mortgage loan once considered a desperate lifeline is now being used as a retirement tool for even the wealthy.  The loans are still only available to seniors 62 and older (including married couples) with […]

    read more...

  • Deciding If A Reverse Mortgage For Purchase Is Right For You

    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 […]

    read more...

  • Only 3% Of Retirees Utilize Reverse Mortgage To Purchase A Home

    Why is it that only 2-3% of older Americans use the Reverse Mortgage for Purchase option to buy a home?  Recent studies show that even with the option available to them, they still seek traditional funding or opt to pay cash.  Why is that?  Well, surveys have shown there are three main reasons: 1.) No one told […]

    read more...

  • 5 Things You Need To Know About Reverse Mortgages

    Reverse mortgages have made a serious comeback in the past couple years.  After regulation changes were enacted in 2015, the reverse mortgage loan once considered a desperate lifeline is now being used as a retirement tool for even the wealthy.  The loans are still only available to seniors 62 and older (including married couples) with the amount of […]

    read more...

  • Reverse Mortgages Can Help Widows Purchase A Home

    It’s a scenario all to familiar for the elderly in Northern Colorado… A spouse passes away leaving behind a widow.  The remaining partner wants to move closer to family.  But there’s a catch – although the widow’s current home is owned outright, they would typically need to sell it before they could purchase another.   And […]

    read more...

  • Reverse Mortgage For Purchase – A Hidden Gem

    Nearly everyone is familiar with a Reverse Mortgage and many even know someone who has used one to increase cash flow or help them remain in their existing home.  But what many people don’t realize is that you can also use one to purchase a home.  This little known portion of the reverse mortgage program, called Reverse Mortgage […]

    read more...

  • 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 […]

    read more...

  • Is a Reverse Mortgage for Purchase Right for You?

    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 […]

    read more...

  • Why Reverse Mortgage for Purchase is Different

    The Reverse Mortgage for Purchase program is an age-based mortgage insured by the FHA for individuals and married couples aged 62 and older. Unlike a traditional mortgage, monthly payments are deferred and the loan balance increases over time. Because the loan is backed by the FHA, neither the borrower(s) nor their heirs are personally liable for the […]

    read more...

  • 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: […]

    read more...

  • Is Your Home Eligible 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 […]

    read more...

  • Why Do Only 3% of Seniors Use a Reverse Mortgage to Purchase a Home?

    Why is it that only 2-3% of older Americans use the Reverse Mortgage for Purchase option to buy a home?  Recent studies show that even with the option available to them, they still seek traditional funding or opt to pay cash.  Why is that?  Well, surveys have shown there are three main reasons: 1.) No one […]

    read more...

  • 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 […]

    read more...

  • 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 […]

    read more...

  • A Look At Data and Housing Desires of Retirees

    If you find yourself yearning for a retirement of comfort in your own home in a community you love, you are definitely not alone.  Here are some pretty telling facts and statistics surrounding the desires of older adults in the U.S.. According to research by the American Association of Retired Persons (AARP): Nearly 90 percent […]

    read more...

  • How A Reverse Mortgage for Purchase Can Help You Get Your Dream Home

    When we’re working hard and raising a family, there are two things we often hope to achieve in our future – having no house payments and living in our dream home.  Then as the years close in on retirement, these may still seem unachievable – but they’re not.  With the Reverse Mortgage for Purchase program seniors 62 and over […]

    read more...

  • Changes in the Reverse Mortgage for Purchase Certificate of Occupancy Rule

    One of the hidden gems within the reverse mortgage program has long been the ability to purchase a home with it; the Reverse Mortgage for Purchase program.  But within that program was a frustrating rule – the requirement that the home being purchased have a Certificate of Occupancy before a loan application could be submitted.  […]

    read more...

  • Everything You Need To Know About Reverse Mortgage For Purchase

    Reverse Mortgages, once typically thought to only help struggling seniors, have undergone enormous changes recently and are being used to help even affluent retirees achieve their retirement dreams and home buyers purchase new homes. The Reverse Mortgage for Purchase program is quickly gaining in popularity. This program allows seniors to purchase a home using a reverse mortgage […]

    read more...

  • 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 […]

    read more...

  • Why Do Only 3% Of Seniors Use A Reverse Mortgage To Purchase A Home?

    Why is it that only 2-3% of older Americans use the Reverse Mortgage for Purchase option to buy a home?  Recent studies show that even with the option available to them, they still seek traditional funding or opt to pay cash.  Why is that?  Well, surveys have shown there are three main reasons: 1.) No one told […]

    read more...

  • Should You Pay Cash For Your Retirement Home or Consider a Reverse Mortgage for Purchase?

    In this day and age, buying a home with cash is rare.  And not because of the reasons you may think – such as who has that much cash nowadays?  Well, that is part of the reason, but it’s a little more complicated than that.  Those who have a substantial amount of cash are finding […]

    read more...

  • 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 […]

    read 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 […]

    read more...

  • How A Widow Can Buy A Home Using A Reverse Mortgage

    It’s a scenario all to familiar for the elderly in Northern Colorado… A spouse passes away leaving behind a widow.  The remaining partner wants to move closer to family.  But there’s a catch – although the widow’s current home is owned outright, they would typically need to sell it before they could purchase another.   And […]

    read more...

  • Why You Should Pay Off A Traditional Mortgage With A Reverse Mortgage

    A recently released university report by the Michigan Retirement Research Center and funded by the Social Security Administration showed that 55% of those utilizing a reverse mortgage are using some of the proceeds to pay off a traditional mortgage. So, when is this a good strategy? 1.) They’re living in a house they can’t afford When […]

    read more...

  • Does My Home Qualify For A Reverse Mortgage?

    You might be surprised! Your home in Ft. Collins and Longmont, CO could easily qualify for a reverse mortgage. Find out how!

    read more...

  • Reverse Mortgage For Purchase – Everything You Need to Know

    Getting a Reverse Mortgage for Purchase in Ft. Collins, and Windsor, CO is a lot more simple than you think. Finally, you can own the home of your dreams!

    read more...

  • Retire in Comfort – How a Reverse Mortgage Can Help

    Retirement is right around the corner. Make sure you can retire comfortably by getting a reverse mortgage in Windsor, Johnstown and Loveland, CO.

    read more...

  • The 7 Worst Myths Surrounding Reverse Mortgage in Colorado

    What you have heard about reverse mortgages may be false. Find out the truth about reverse mortgages in Ft. Collins, CO and you might be surprised!

    read more...

  • 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 […]

    read more...

  • Should Cash Home Buyers Consider a Reverse Mortgage for Purchase?

    In this day and age, buying a home with cash is rare.  And not because of the reasons you may think – such as who has that much cash nowadays?  Well, that is part of the reason, but it’s a little more complicated than that.  Those who have a substantial amount of cash are finding […]

    read more...

  • A Client’s Review of Reverse Mortgage for Purchase

    Senior home buyers in Fort Collins, CO are looking to reverse mortgage to purchase homes – and it’s a win-win for everyone!

    read more...

  • Get Your Dream Home with Reverse Mortgage for Purchase

    Using a reverse mortgage to buy your dream house is a win-win for many seniors in Fort Collins, Colorado.

    read more...

  • Reverse Mortgage For Purchase – What You Need To Know

    If you’re a senior looking to purchase a home in Longmont and other areas of Colorado, considering a Reverse Mortgage for Purchase should be your first step.

    read more...

  • Reverse Mortgage Helps Widow Buy a Home

      It’s a scenario many wish wasn’t reality, but often it is…   A spouse passes away leaving behind a widow.  The remaining partner wants to move closer to family.  But there’s a catch – although the widow’s current home is owned outright, they would typically need to sell it before they could purchase another.   And […]

    read more...

  • A Hidden Gem – Reverse Mortgage for Purchase

    In Longmont, Colorado seniors can use a reverse mortgage to purchase a new home and still live mortgage payment free.

    read more...

  • Reverse Mortgage for Purchase : A Crash Course

    Reverse Mortgages have undergone enormous changes and are being used to help seniors purchase homes and many retirees achieve their dreams.

    read more...

  • Reverse Mortgage for Purchase – from a Client’s Perspective

    This first hand account of how the decision to go with a Reverse Mortgage for Purchase instead of paying cash for a home changed their course is really impressive.

    read more...

  • Should Seniors Buying a Home Use A Reverse Mortgage for Purchase?

    Senior borrowers, 62 and over, can use a reverse mortgage for purchase to buy a home in Longmont, Colorado. Here’s why they should consider it.

    read more...

  • 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…

    read more...

  • Why Reverse Mortgage for Purchase is Different

    Learn why an HECM or Reverse Mortgage for Purchase may be a better option than a traditional mortgage in Longmont and Boulder County, Colorado.

    read more...

  • Reverse Mortgage for Purchase Down Payment Information

    Reverse mortgage for purchase is popular among seniors wishing to purchase a home in Longmont, Fort Collins, Loveland and Greeley, Colorado.

    read more...

  • Strong Home Sales Highlight Reverse Mortgage for Purchase

    In Longmont, Colorado and Boulder County home sales have made a strong recovery signaling this may be the right time to use a Reverse Mortgage for Purchase to buy a home.

    read more...

  • Reverse Mortgage and the Housing Supply

    Most elderly Americans want to remain in their home, especially near the Loveland and Fort Collins, Colorado area. Those who feel the need to move, still prefer to remain in an independent residence, usually just closer to family or without stairs.

    read more...

  • Reverse Mortgage Boosts Cash Home Buyers

    In Fort Collins and Loveland, Colorado seniors are purchasing homes using Reverse Mortgage with minimal credit and income requirements.

    read more...

  • Reverse Mortgage Helps Widow Buy a Home

    Reverse Mortgage for Purchase helps elderly widow buy a new home near family, even when the median home price is substantially higher than current location.

    read more...

  • Marisol Senior Living Community in Loveland, Colorado

    Marisol is a community designed for seniors 55 and older with options such as apartments, duplexes, and single family homes. Reverse mortgage is a viable option.

    read more...

  • Reverse Mortgage for Purchase by the Numbers

    Reverse mortgage for purchase is available to seniors 62 and over to purchase a home with little income or credit requirements in Loveland, CO.

    read more...

  • FAQ’s about Reverse Mortgage for Purchase

    The reverse mortgage for purchase is available for seniors 62 and over to purchase a home regardless of income or credit in Fort Collins, CO.

    read more...

  • How to Purchase a Home with Reverse Mortgage

    The HECM for Purchase Program allows seniors to purchase a home with a Reverse Mortgage in Greeley, Colorado and surrounding areas.

    read more...