Reverse Mortgage Info

  • Tips To Prepare Your Home For A Reverse Mortgage Appraisal

    After you fill out the application for a reverse mortgage, with the help of a trusted and reputable reverse mortgage specialist, an appraisal of your home needs to be conducted. This can be a nervous moment to have a stranger come into the home you have enjoyed for many years for the purpose of evaluating it. Since you […]

    more...

  • What To Expect When Getting A Reverse Mortgage Home Appraisal

    Getting assessments on just about anything can seem laborious or tedious, who wants to have something close to them looked at with a magnifying glass? But appraisals for reverse mortgage loans are not only very helpful for everyone involved, they’re required by the lender.  Part of what determines the amount of funding available from a reverse mortgage is the appraised […]

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  • How A Reverse Mortgage Can Help You Age At Home

    As you grow older your needs of body, mind and heart change, sometimes requiring assistance. Have you considered a reverse mortgage to help you with this assistance to stay in your home, instead of moving where that is provided like assisted living or nursing home? This is a very possible option for those who wish to remain […]

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  • What You Need to Know About Reverse Mortgage 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 home equity […]

    more...

  • I Have A HELOC On My Home – Can I Get A Reverse Mortgage?

    The short answer is – absolutely.  And as a matter a fact, reverse mortgages are great options to eliminate HELOC payments. A HELOC is the acronym for Home Equity Line of Credit, and thousands in the Fort Collins and Loveland cities have taken advantage of it. When the housing boom was in full swing a number […]

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  • 5 Quick Facts About Reverse Mortgage in Colorado

    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 are […]

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  • 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 […]

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  • How Adult Children Can Help Their Parents With A Reverse Mortgage

    Perhaps your parents raised you in the home they are now ambling about. As you see them begin to slow, or have to jump on a plane every time they wish to see you, thoughts of helping them to have an easier time come across your mind. After all they deserve at this time of […]

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  • How Prepared Are You If Your Spouse Dies?

    Regardless of age, losing a spouse is difficult – and the impending “business” that comes along with it doesn’t make it any easier.  This is why we should all ask ourselves at some point, “Am I prepared if my spouse dies?”.  There are so many various aspects to being “prepared”, and although I can’t help […]

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  • Understanding Identity Theft

    What is Identity Theft? According to the 1998 Identity Theft and Assumption Deterrence Act identity theft is when someone “knowingly transfers or uses, without lawful authority, a means of identification of another person with the intent to commit, or to aid or abet, any unlawful activity that constitutes a violation of federal law, or that constitutes a felony […]

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  • Considering Options: Nursing Home vs Reverse Mortgage

    In our society, the elderly and nursing homes go hand in hand.  But when speaking with elderly people, one of their biggest fears is being placed into a nursing home.  Who can blame them?  According to National Center on Elder abuse, one study interviewing 2,000 nursing home residents reported that 44% said they had been abused and […]

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  • 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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  • How to Delay Social Security with a Reverse Mortgage

    When planning for retirement, there will no doubt be a discussion about when a retiree should start taking their Social Security benefits. There are perks to delaying, for example Social Security benefits stand to increase as much as 7-8% per year if you don’t apply until age 70.  But many seniors need this income.  With the […]

    more...

  • 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, […]

    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 […]

    more...

  • 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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  • 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 […]

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  • 3 Things to Do with a Reverse Mortgage in Colorado

    One of the best parts of a reverse mortgage is the borrower(s) can do anything they’d like with the funds – while also living mortgage payment free.  In Colorado, seniors are more active than ever, whether it be traveling, home improvements, or visiting with family and grandchildren often.  As several Colorado cities always make the list of the best […]

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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? […]

    more...

  • Using Home Equity in Retirement

    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 […]

    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: […]

    more...

  • Should You Stay or Should You Go During Retirement?

    Retirement has evolved over the past few decades.  At one time it was assumed you’d live with your adult children or in a senior home as you age.  At another time, dreams of moving far away to warmer climates and lush golf courses was the trend.  And now, the preference is staying at home and […]

    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 […]

    more...

  • 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 […]

    more...

  • Tips to Navigating Your Loved Ones Aging in Place

    As you watch your parents or loved ones age, it can often be a struggle to determine the best option for their long term housing. Should they age in place in their home? Should you make space in your home for them? Should they move to a long-term care facility? Or should they move to […]

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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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  • IMPORTANT: Watch Out for Scams and Identity Theft

    Did you know senior citizens are the #1 demographic to be hit with vicious scams aimed at stealing tens of thousands of dollars (and more)?  As someone who works with these same people every single day, it breaks my heart.  The kindness and trust they possess is something we should honor – NOT take advantage of.  But […]

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  • 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 […]

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  • Senior Housing Wealth Reaches All Time High

    According to the National Reverse Mortgage Lenders Association (NRMLA), housing wealth for homeowners 62 and older grew to $6.6 trillion in Q4 2017, an increase of $149 billion in senior home equity over Q3. “Today’s retirees are more likely to leave the workforce with a mortgage and other debts that can put stress on monthly […]

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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 […]

    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 […]

    more...

  • Will My Home Qualify 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 […]

    more...

  • How A Reverse Mortgage Can Help You Retire In Comfort

    For many who remember the reverse mortgage scares of the yester-years, the terms ‘comfort’ and ‘reverse mortgage’ seem like an unlikely duo.  But they shouldn’t  be. Since the FHA and HUD changed a few regulations stabilizing reverse mortgages in 2015, they have quickly been garnering new attention.  Whether looking to boost monthly income, protect retirement, or even purchase a new […]

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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...

  • Use a Reverse Mortgage To Delay Social Security

    When planning for retirement, there will no doubt be a discussion about when a retiree should start taking their Social Security benefits. There are perks to delaying, for example Social Security benefits stand to increase as much as 7-8% per year if you don’t apply until age 70.  But many seniors need this income.  With the […]

    more...

  • Watch Out for Reverse Mortgage Scams in Colorado

    You may hear about email scams, telephone scams, door-to-door soliciting scams – but what about reverse mortgage scams? Unfortunately just as we have scams in every segment of society and at every opportunity, reverse mortgages and seniors are not immune to such activity. In the past decade, reverse mortgages also known as Home Equity Conversion […]

    more...

  • Reverse Mortgage Helps Gray Divorce

    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.  This is happening […]

    more...

  • Tips for Adults with Aging Parents

    With the holidays behind us, it’s not uncommon for adult children to reach out to me to discuss a reverse mortgage as an option to help their aging parents.  They often spend a little more time with family and may realize things are changing with their parents and in their home.  Here are my tips […]

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  • 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 […]

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  • How Does a Reverse Mortgage Affect My 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 home equity […]

    more...

  • Should You Stay Put During Retirement?

    Retirement has evolved over the past few decades.  At one time it was assumed you’d live with your adult children or in a senior home as you age.  At another time, dreams of moving far away to warmer climates and lush golf courses was the trend.  And now, the preference is staying at home and […]

    more...

  • Understanding The Reverse Mortgage Maturity Event

    For many who have had a conventional mortgage on their home, they are familiar with the “maturity date”.  But with a reverse mortgage, there is no maturity date, only a “maturity event”.  So, what’s the difference? A maturity date indicates the date which the borrower will make the final payment on the loan, including principal and […]

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  • 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, […]

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  • 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 […]

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  • Reverse Mortgage Appraisal – The Facts

    Getting assessments on just about anything can seem laborious or tedious, who wants to have something close to them looked at with a magnifying glass? But appraisals for reverse mortgage loans can be very helpful for you because they lay down where you are in equity. In fact they are required. The process is very […]

    more...

  • The Reverse Mortgage Appraisal – Preparation

    After you fill out the application for a reverse mortgage, with the help of a trusted and reputable reverse mortgage specialist, an appraisal of your home needs to be conducted. This can be a nervous moment to have a stranger come into the home you have enjoyed for many years for the purpose of evaluating it. Since you […]

    more...

  • Tips For Adult Children When Considering A Reverse Mortgage With Your Parents

    If you are concerned for your aging parents or relatives as their home becomes too much to manage or too difficult to move about, reverse mortgage may be an option.  It is common for adult children to look into the reverse mortgage process for their parents and help them make the right decision.  Here are […]

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  • 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. […]

    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.  […]

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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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  • Should You Use A Reverse Mortgage To Fund In-Home Care?

    According to statistics, there’s a 70% chance seniors over 65 will need some sort of long term care such as in-home care, skilled nursing, or assisted living at some point during their lives.  Although there are various ways to pay for such care, like Medicare, Medicaid, or health insurance, these options often come with limits and […]

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  • 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 […]

    more...

  • How to Spot a Reverse Mortgage Scam

    You may hear about email scams, telephone scams, door-to-door soliciting scams – but what about reverse mortgage scams? Unfortunately just as we have scams in every segment of society and at every opportunity, reverse mortgages and seniors are not immune to such activity. In the past decade, reverse mortgages also known as Home Equity Conversion […]

    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 […]

    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 […]

    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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  • 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 […]

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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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  • Home Equity Among Seniors Rises

    In the first quarter of 2017, home equity held by homeowners 62 and over rose 2.6% to $6.3 trillion, according to data from the National Reverse Mortgage Lenders Association.   This $200 billion increase of housing wealth is attributed to rising home values across the nation, and especially in Colorado where some of the largest […]

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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...

  • Today Show : Part 3 – Helping Parents Make Legal, Medical, and Financial Decisions

    Recently, financial expert, Jean Chatzky, did a three part series on the Today Show called “Taking Care of Mom & Dad”.  Each of these segments specifically touched on real questions adult children have regarding what to expect as their parents age. The video featured here is Part 3 – Helping Parents Make Legal, Medical, and Financial […]

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  • Today Show : Part 2 – Is A Reverse Mortgage Right For Your Aging Parents?

    Recently, financial expert, Jean Chatzky, did a three part series on the Today Show called “Taking Care of Mom & Dad”.  Each of these segments specifically touched on real questions adult children have regarding what to expect as their parents age. The video featured here is Part 2 – How to Handle the Cost of Aging […]

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  • Today Show : Part 1 – How To Help Your Aging Parents Find The Best Place To Live

    Recently, financial expert, Jean Chatzky, did a three part series on the Today Show called “Taking Care of Mom & Dad”.  Each of these segments specifically touched on real questions adult children have regarding what to expect as their parents age. The video featured here is Part 1 – How To Help Your Aging Parents Find […]

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  • 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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  • Are You Ever Too Old For A Reverse Mortgage?

    The minimum age for a reverse mortgage loan is 62, but what about a maximum age?  Is anyone ever too old for a reverse mortgage?  I don’t think so, although it won’t be right for everyone.  Reverse mortgages are available to homeowners, or those seeking to purchase a home, who are 62 and older, including […]

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  • Applying for a Reverse Mortgage : What to Expect

    If you’ve reached the point you are ready to apply for a reverse mortgage, you have likely done a fair amount of research (and if you haven’t, feel free to read through the informational articles here on my blog).  So what comes next? Here’s a quick run down of what to expect… Age qualifications.  You’re […]

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  • Finding 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, […]

    more...

  • Is In-Home Senior Care Right for You?

    In today’s fast-paced society, seniors are more independent than ever before.  Many develop strong community ties, visit with nearby family frequently and even open their homes to out-of-state family, embrace a close circle of friends, and through options such as reverse mortgage, are able to stay in their homes comfortably for far longer than ever […]

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  • Understanding Elder Law

    Elder law is a relatively unknown segment of law and is often overlooked when seeking legal solutions.  But for some seniors and their families an elder law attorney may be exactly what they need.  Elder law is very broad and includes things like estate planning, probate, guardianship, real estate, nursing home neglect and a dozen […]

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  • Reverse Mortgage FAQ – 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? A […]

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  • Reverse Mortgage FAQ – Part 2

    This is the second in a three part series of frequently asked questions about Reverse Mortgage.  You can find Part 1 here and Part 3 here.  If you have questions that are not currently listed, please don’t hesitate to contact me directly. Can I get a Reverse Mortgage even if I have an existing mortgage? […]

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  • Reverse Mortgage FAQ – Part 1

    This is the first in a three part series of frequently asked questions about Reverse Mortgage.  Find Part 2 here and Part 3 here.  If you have questions that are not currently listed, please don’t hesitate to contact me directly. Are There Any Special Requirements to Get a Reverse Mortgage? In order to qualify for […]

    more...

  • 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...

  • Should Your Financial Planner Be Discussing Reverse Mortgage?

    When financial planners counsel retirees on how to best leverage their retirement portfolio, social security, and other assets, considering a reverse mortgage was long not part of that conversation – but this is beginning to change. As the myths of the industry are laid to rest, many professionals are beginning to better understand how reverse mortgage […]

    more...

  • Understanding A Reverse Mortgage

    Are you wondering if you or someone you love may qualify for a reverse mortgage and how the process works?  Here are some fast facts to help. Reverse mortgages are available to many homeowners and retirees looking for creative ways to enhance their golden years. Do I qualify? Age 62 or older The home you own must be […]

    more...

  • 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 […]

    more...

  • 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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  • 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 effect […]

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  • 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 […]

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  • The 7 Worst Reverse Mortgage Myths

    Reverse Mortgage was created to give our retiring generation a way to keep their homes and manage the ever increasing costs of life after working long and hard over the years. It is an option that could be just right for you. All applicants are required to participate in HUD approved counseling to ensure all their […]

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  • Should Your Elderly Parent Age In Place?

    As you watch your parents or loved ones age, it can often be a struggle to determine the best option for their long term housing. Should they age in place in their home? Should you make space in your home for them? Should they move to a long-term care facility? Or should they move to […]

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  • 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 […]

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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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  • Harvard Study Predicts Surge in Senior Households

    A recent report by the Harvard Joint Center for Housing Studies, Projections and Implications for Housing a Growing Population: Older Adults 2015-2035, it is predicted that by 2035 one in five people will be aged 65 and older while one in three households will be headed by someone of that age and older. The report included the use […]

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  • 2017 to See Increase in Reverse Mortgage Loan Limit

    It’s been several years since the Federal Housing Administration has raised the loan limit for reverse mortgages, but in 2017 the industry will finally see an increase. Currently the HECM loan limit is $625,500 and this will rise to $636,150.  This new limit will apply only to case numbers issued on or after January 1, 2017. This increase […]

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  • Use a Reverse Mortgage Line of Credit to Fund In-Home Care

    According to statistics, there’s a 70% chance seniors over 65 will need some sort of long term care such as in-home care, skilled nursing, or assisted living at some point during their lives.  Although there are various ways to pay for such care, like Medicare, Medicaid, or health insurance, these options often come with limits […]

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  • How to Help Your Parents with a Reverse Mortgage

    A reverse mortgage could be the perfect fit for your parents. Get tips on how to help them get a reverse mortgage in Greeley and Windsor, CO

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  • 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!

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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 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!

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  • Colorado Home Appraisals in High Demand

    The housing market in Ft. Collins is booming! Appraisals are taking much longer due to high demand. Now is the best time to look into a reverse mortgage!

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  • 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.

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  • IMPORTANT: Watch Out for Scams and Identity Theft

    Important information on how to protect yourself against dangerous identity theft in Ft. Collins and Windsor, CO. Things you need to know!

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  • Breaking Down the Reverse Mortgage Home Appraisal

    A home appraisal is required for all reverse mortgages – but it may not be as involved as you think. Learn the facts to get a reverse mortgage in Loveland.

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  • Common Questions about Reverse Mortgage from Adult Children

    It’s common for adult children to be skeptical of reverse mortgages in Northern Colorado, so I’ve answered some of the most common questions.

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  • 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!

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  • Tips to Visualizing and Planning Your Retirement

    Get the tips you need to know about planning your retirement in Loveland. How a reverse mortgage can be used to achieve your retirement dreams.

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  • How to Sell a Home that has an Existing Reverse Mortgage

    Need to sell your home and have an existing reverse mortgage? Learn the simple steps on how the process works & sell your home in Loveland and Greeley, CO.

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  • What Exactly is a Reverse Mortgage Line of Credit?

    Get answers to your questions and find out what a Reverse Mortgage Line of Credit is. Get a Reverse Mortgage Line of Credit in Greeley, CO

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  • 5 Interesting Facts 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 […]

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  • How to Find a Reputable Reverse Mortgage Lender in Colorado

    Find a reputable reverse mortgage lender in Loveland and Fort Collins, Colorado. Avoid scams by working with a specialist.

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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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  • How Reverse Mortgage Helped a 100 year old Man Age at Home

    Awhile back I closed a reverse mortgage loan for a 100 year old gentleman.  This was my first time closing a loan for someone of his age.  He lives at home with 24 hour care at a cost of $10,000 a month.  When I was sitting at the closing table with the client and his lawyer, […]

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  • Do You Need A Colorado Elder Law Attorney?

    Elder law is a relatively unknown segment of law and is often overlooked when seeking legal solutions.  But for some seniors and their families an elder law attorney may be exactly what they need.  Elder law is very broad and includes things like estate planning, probate, guardianship, real estate, nursing home neglect and a dozen […]

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  • Can I Get a Reverse Mortgage if I have a HELOC on the Home?

    The short answer is – absolutely.  And as a matter a fact, reverse mortgages are great options to eliminate HELOC payments.   A HELOC is the acronym for Home Equity Line of Credit, and thousands in the Fort Collins and Loveland cities have taken advantage of it. When the housing boom was in full swing a […]

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  • What Happens to a Reverse Mortgage After the Owners Pass?

    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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  • 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.) […]

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  • Are You Prepared to Take Care of Your Parents?

    The cost of eldercare is staggering.  And so is the toll it takes on an adult child.  Are you prepared for either?  Or both?   A recent MetLife study estimated that the total cost incurred by the caregiver alone (not including the costs directly related to care) is an average of $324,044.  The financially impact can be […]

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  • What Adult Children Need to Know about Reverse Mortgage

    As your parents age, their needs will inevitably change. And as they change, your need to consider options with them will increase. While these conversations may be the first of their kind, it will also be a chance to offer support. Reverse mortgage could be a viable option to meet everyone’s wishes, especially your parents. […]

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  • Credit Lines Magnify Every Month with a Reverse Mortgage

    With the varieties of opinions about reverse mortgages out in the marketplace a question comes up, that is, ‘would a reverse mortgage be a fall back, last resort, or would it be a positive option for a financial plan?’ While the answer lies in the hands of the borrower, or owner, there are worthy considerations to […]

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  • What is a Reverse Mortgage Maturity Event?

    When a conventional mortgage is taken there is always a maturity date. This date designates, if the borrower never defaults, the last payment (including all interest and principal) bringing closure to the loan.   With a reverse mortgage there is a maturity event, that is, a designated event in the borrower’s life which makes the loan […]

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  • Can a Reverse Mortgage Benefit a Widow?

    When a spouse passes, it’s a very difficult time for the widow and the family.  In addition to the emotional toll, it’s not uncommon to face a sudden and often unexpected financial toll.  After a spouse passes, it is more common than not that there will be a reduction or elimination of the deceased spouses pension or social security […]

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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), but although they will NOT have a monthly mortgage payment to pay, they are still responsible for some financial obligations regarding the home.  These […]

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  • Your Reverse Mortgage Appraisal

      If you are a senior 62 or older considering a reverse mortgage, a home appraisal by an FHA approved appraiser is required for every loan.  Once your reverse mortgage lender has received your application, the lender will contact an FHA appraiser.  The appraiser will then contact you to schedule a time that works for them […]

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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 […]

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  • Beware: Reverse Mortgage Scams

    You may hear about email scams, telephone scams, door-to-door soliciting scams – but what about reverse mortgage scams? Unfortunately just as we have scams in every segment of society and at every opportunity, reverse mortgages and seniors are not immune to such activity. In the past decade, reverse mortgages also known as Home Equity Conversion […]

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  • What Adult Children Need to Know About Reverse Mortgage

    If you are concerned for your aging parents or relatives as their home becomes too much to manage or too difficult to move about, reverse mortgage may be an option.  It is common for adult children to look into the reverse mortgage process for their parents and help them make the right decision.  Here are […]

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  • 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 […]

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  • A Crash Course on 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 […]

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  • 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!

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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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  • Another Reason Why I Love Loveland, Colorado

    Loveland Colorado’s Sweetheart Valentines program celebrates 70 years!

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  • Divorcing After Retirement? Reverse Mortgage Can Help

    Senior divorces in Longmont, Colorado can get messy, especially when a home is involved as an asset. Reverse mortgages can help in various ways.

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  • Nursing Home vs Reverse Mortgage

    Nursing homes are a part of western culture, but should they be relied upon so much? Reverse mortgage offers a solution to aging at home.

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  • I Have A Reverse Mortgage On My Home – Can I Still Sell It?

    If you have a reverse mortgage on your home you can still sell it just like with any other mortgage. But there are a few things you’ll want to know.

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  • Reflecting on the Holidays and Elderly Family

    For those who visited their elderly family this year it may have left some questions to be answered. For many, reverse mortgage may offer a solution.

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  • Tackling Senior Identity Theft

    Seniors are one of the most vulnerable targets for identity theft, and unfortunately reverse mortgage scams can be an avenue. Learn how to protect yourself.

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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, […]

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  • 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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  • 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.

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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 […]

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  • 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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  • What Happens to a Reverse Mortgage After Owners Pass?

    One of the scariest parts of a reverse mortgage is the unknown about what will happen to the home in the future. Get the facts in Longmont, CO.

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  • Salute to Seniors Expo 2015 at the Ranch in Loveland – Reverse Mortgage

    Join Jan Jordan October 14, 2015 at the 2015 Salute to Seniors Expo 2015 at the Ranch in Loveland, Colorado.

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  • Reverse Mortgages Helping the Elderly Age at Home

    Ageing at home has a multitude of benefits for many older individuals. Reverse mortgage in Longmont, Colorado can help make this happen.

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  • How Prepared Are You If Your Spouse Dies? Part 1

    The loss of a loved one is not something we want to think about, but unfortunately it’s something we need to be prepared for.

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  • 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.

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  • Finding A Reverse Mortgage Lender in Colorado

    When seeking information about a reverse mortgage in Greeley, CO it is important to work with a reputable lender who will not pressure clients.

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  • Reverse Mortgage Funds In-Home Senior Care

    Colorado Reverse Mortgages help seniors use the equity in their homes to age in place while receiving medical care via in-home senior care.

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  • 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 […]

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  • Reverse Mortgage and the Alternatives

    For seniors in Laramie, Wyoming who are looking to utilize their home equity, a reverse mortgage should be considered before the alternatives.

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  • 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.

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  • Reverse Mortgage and the Married Couple

    Married couples in Greeley, CO are eligible for a reverse mortgage just the same as individuals, but there are a few things you want to know.

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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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  • How Reverse Mortgage Can Help With A HELOC

    A HELOC is the acronym for Home Equity Line of Credit, and thousands in the Fort Collins and Loveland cities have taken advantage of it. When the housing boom was in full swing a number of years ago, the values of personal homes gave their owners a strong resource to draw upon in the form of a loan. […]

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  • Beware of Reverse Mortgage Scams

    Scams aimed at the elderly are especially prevalent in society, like reverse mortgage scams. Learn what to watch out for in Fort Collins, CO.

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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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  • Reverse Mortgage Questions Answered for Adult Children

    Adult children have many questions surrounding reverse mortgage in Fort Collins, Colorado and we have the answers to some of the most common.

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  • Dispelling Myths About Reverse Mortgage

    Reverse mortgages in Greeley, CO have been touted as scary and scandalous – but are they really? Learn more and dispel the myths before making a decision.

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  • Being Responsible with a Reverse Mortgage in Longmont, CO

    Reverse mortgage borrowers in Longmont, Colorado have the privilege of living mortgage payment free, but they do have a few simple responsibilities.

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  • Reverse Mortgage – How Adult Children Can Help Their Parents

      Perhaps your parents raised you in the home they are now ambling about. As you see them begin to slow, or have to jump on a plane every time they wish to see you, thoughts of helping them to have an easier time come across your mind. After all they deserve at this time […]

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  • A Reverse Mortgage Appraisal – Preparation

    An appraisal of your home is required as part of the reverse mortgage application. Use these tips to prepare your home in Loveland, CO.

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  • A Reverse Mortgage Appraisal – The Facts

    A reverse mortgage appraisal in Fort Collins, Colorado starts with a reputable reverse mortgage lender and is an important part of the process.

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  • Unraveling The Myths Around Reverse Mortgage

    There are many myths surrounding reverse mortgage and reverse mortgage for purchase in Fort Collins, Colorado but I’ll help you get the facts.

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  • Adult Children and Reverse Mortgage in Longmont, Colorado

    When considering a reverse mortgage in Longmont, Colorado many adult children will have serious questions. We can answer those for you.

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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 Terms to Know – Part I

    Reverse mortgages in Fort Collins, Colorado can seem intimidating and overwhelming. Understanding the terms can alleviate much of that issue.

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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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  • Reverse Mortgage in Colorado – Points to Know

    Reverse Mortgage will be everywhere as you age, and across Colorado marketing can promote it in such a way as to allure you – or to terrify you.

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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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  • First a Vision, Then a Plan – Reverse Mortgage a viable option

    A the face of retirement changes in Loveland, Colorado so do the needs of seniors. Reverse mortgage can help.

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  • Unexpected benefits of Reverse Mortgage – Stay at home!

    Reverse mortgages help seniors avoid nursing homes by allowing them to fund in home care in Longmont and Boulder County, 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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  • Win – Win with a Reverse Mortgage

    In Fort Collins, Colorado a reverse mortgage or HECM for purchase can be a win – win situation for all involved.

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  • Nursing Homes, In-Home Care & Reverse Mortgage

    Did you know when speaking with elderly people, one of their biggest fears is being placed into a nursing home? A reverse mortgage can help.

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  • 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.

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  • 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.

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  • 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.

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

    A common concern among seniors and adult children in Longmont, Colorado when considering a reverse mortgage is how it will affect social security, medicare, and even certain pensions.

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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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  • 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.

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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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  • A Great Solution for Seniors : Reverse Mortgage

    Reverse mortgage can finance in-home care to avoid nursing homes or pay for medical care, and fund home modifications in Fort Collins, Colorado.

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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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  • Fort Collins & Loveland Colorado Top Nation’s Most Satisfied Cities

    Reverse Mortgage help seniors in Fort Collin and Loveland stay in the area love, as highlighted in a recent Gallup poll of the nation’s most satisfied residents.

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  • 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.

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  • Taxes and your Reverse Mortgage

    Many reverse mortgage holders in the Fort Collins and Loveland Colorado area have questions about how reverse mortgage will affect their taxes.

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  • 3 Things to Do with a Reverse Mortgage in Colorado

    Active Colorado seniors from area including Fort Collins, Loveland, Firestone, Louisville, and Parker are using their reverse mortgage funds in very fulfilling ways.

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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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  • 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.

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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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  • Reverse Mortgage for the Married Couple

    Married couples are seeking reverse mortgages more often in Loveland and Fort Collins, Colorado. Make sure to work with a reputable lender and know the facts.

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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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  • Can a Reverse Mortgage Help a Loved One this Holiday Season?

    Many adult children in Loveland, CO compare reverse mortgage, in home senior care, and assisted living for elderly loved ones during the holidays.

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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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  • 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.

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  • 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.

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  • How Reverse Mortgage Helped a 100 year old Man Age at Home

    A 100 year old gentleman recently wanted to continue to age at home and reverse mortgage gave him that opportunity in the Loveland, Colorado area.

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  • 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.

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  • 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.

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  • A Heartbreaking Time for Northern Colorado

    Floods ravaged Northern Colorado from Estes Park to Evans, Fort Collins to Longmont, yet communities unite and vow to rebuild. Reverse mortgage flood questions can be answered.

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  • 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.

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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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  • 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.

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  • 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.

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  • Summer Vacation, Adult Children, and Reverse Mortgage

    As summer vacation ends, manyadult children visited with their aging parents and may be wondering if a Loveland, CO reverse mortgage is right for them.

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  • How Reverse Mortgage Works in Fort Collins, CO

    Reverse Mortgage helps seniors and retirees in Fort Collins and Loveland, Colorado maintain their lives in the area they love…

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  • Fulfilling Dreams with Reverse Mortgage in Fort Collins, CO

    In Fort Collins and Loveland, CO many seniors are using reverse mortgage to live life to the fullest during their golden retirement years.

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  • Jan Jordan 1310 KFKA Radio Saturday, June 29th

    Jan will be discussing reverse mortgage on 1310 KFKA’s IRA and Retirement show, popular in Greeley, Loveland and Fort Collins.

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  • Reverse Mortgage a Lifeline for Seniors with Modest Means in Loveland Colorado

    For many seniors in Loveland and Fort Collins, Colorado the federal reverse mortgage program is a proving to be a much needed lifeline.

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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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  • Reverse Mortgages Helping the Eldery Age at Home

    Reverse Mortgages are helping seniors age at home using in-home senior care versus traditional nursing homes.

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  • Is In-Home Senior Care Right For You?

    In today’s fast-paced society, seniors are more independent than ever before.  Many develop strong community ties, visit with nearby family frequently and even open their homes to out-of-state family, embrace a close circle of friends, and through options such as reverse mortgage, are able to stay in their homes comfortably for far longer than ever […]

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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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  • Frequently Asked Questions – Part 2

    This is the second in a three part series of frequently asked questions about Reverse Mortgage.  You can find Part 1 here and Part 3 here.  If you have questions that are not currently listed, please don’t hesitate to contact me directly.   Can I get a Reverse Mortgage even if I have an existing […]

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  • Frequently Asked Questions – Part 1

    This is the first in a three part series of frequently asked questions about Reverse Mortgage.  Find Part 2 here and Part 3 here.  If you have questions that are not currently listed, please don’t hesitate to contact me directly.   Are There Any Special Requirements to Get a Reverse Mortgage?   In order to […]

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  • Understanding Identity Theft

      What is Identity Theft?   According to the 1998 Identity Theft and Assumption Deterrence Act identity theft is when someone “knowingly transfers or uses, without lawful authority, a means of identification of another person with the intent to commit, or to aid or abet, any unlawful activity that constitutes a violation of federal law, […]

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  • Changes to Social Security for 2013

      The beginning of 2013 brought about several changes to everything from health insurance to tax code to social security benefits.  While the majority of these changes have been small and will affect seniors very little, a few of them will directly impact recipients of social security benefits.  Here’s what to expect:   Extended online […]

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  • Reverse Mortgage and the Alternatives

      Home equity accounts for approximately 70% of a senior’s assets, not including social security or pension.  Often times tapping into this equity becomes inevitable when facing health crisis or financial restrictions in retirement.  Using home equity should be part of a larger financial plan and there are a few ways it can be incorporated. […]

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  • Should Reverse Mortgage be in your Retirement Portfolio?

      For the past quarter century seniors have easily managed to retire on three things: company pension plans, social security, and personal savings.  But with an uncertain economy facing us today and in the future, many baby boomers are taking a second look at their retirement portfolios.  Previously, tapping into home equity for retirement has […]

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  • Can a Reverse Mortgage Benefit a Widow?

    When a spouse passes, it’s a very difficult time for the widow and the family.  In addition to the emotional toll, it’s not uncommon to face a sudden and often unexpected financial toll.  After a spouse passes, it is more common than not that there will be a reduction or elimination of the deceased spouses pension or social security […]

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  • Home for the Holidays and Reverse Mortgage

    While Christmas 2012 turned into New Year’s 2013, many families came together to celebrate the holidays.  Adult children enjoyed spending time with their aging parents or relatives.  Grandchildren and great-grandchildren had their cheeks pinched and were forced to eat spoiled left overs from the fridge (we’ve all been there, right?)  For some spending time with […]

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  • Your Reverse Mortgage Appraisal

      If you are a senior 62 or older considering a reverse mortgage, a home appraisal by an FHA approved appraiser is required for every loan.  Once your reverse mortgage lender has received your application, the lender will contact an FHA appraiser.  The appraiser will then contact you to schedule a time that works for them […]

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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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  • 5 Ways to Spot a Reverse Mortgage Scam

      Watching out for a reverse mortgage scam should be on the top of the list for anyone considering such a loan, but it’s especially concerning to adult children who are looking out for their aging parents.  There are some fairly simple guidelines to abide by in order to steer clear of such fraud.   […]

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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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  • Reverse Mortgage or Home Equity Loan?

        When talking with senior homeowners or their adult children, a common question is why not just get a home equity loan?  It’s important to understand the difference between a reverse mortgage and a home equity loan.   Here are some very important differences:   Qualifications    A homeowner requesting an equity loan will […]

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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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  • 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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  • Beware: Reverse Mortgage Scams

    You may hear about email scams, telephone scams, door-to-door soliciting scams – but what about reverse mortgage scams? Unfortunately just as we have scams in every segment of society and at every opportunity, reverse mortgages and seniors are not immune to such activity.   In the past decade, reverse mortgages also known as Home Equity […]

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  • What Happens to a Reverse Mortgage After the Owners Pass?

      A common question and concern surrounding reverse mortgage is what will happen to the home after the homeowners pass?  Will the bank take possession?  Will it be allowed as inheritance?  Will it be possible to keep the home in the family?   These are very valid concerns – so I’d like to offer some […]

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  • Should Your Elderly Parent Age in Place?

      As you watch your parents or loved ones age, it can often be a struggle to determine the best option for their long term housing. Should they age in place in their home? Should you make space in your home for them? Should they move to a long-term care facility? Or should they move […]

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  • What Adult Children Need to Know About Reverse Mortgage

      If you are concerned for your aging parents or relatives as their home becomes too much to manage or too difficult to move about, reverse mortgage may be an option.  It is common for adult children to look into the reverse mortgage process for their parents and help them make the right decision.  Here […]

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  • 5 Reverse Mortgage Myths

    Myth #1: You lose your home Fact:  You retain the title to your home Myth #2:  It’s only for broke people Fact: Many retirees use reverse mortgage Myth #3: It’s free money Fact:  It’s a specialized loan Myth #4: My equity is safe Fact:  Your equity is subject to the housing market Myth #5: It’s […]

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  • What EXACTLY is a Reverse Mortgage?

    Imagine living in your home mortgage free, or enjoying monthly proceeds for life benefiting from the years you’ve invested in your home. A reverse mortgage is a unique tool designed for seniors 62 and older. You enjoy access to part of the equity in your home and the freedom and comfort of the home you’ve […]

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  • Understanding a Reverse Mortgage

    Are you wondering if you or someone you love may qualify for a reverse mortgage and how the process works?  Here are some fast facts to help. Reverse mortgages are available to many homeowners and retirees looking to make a lifestyle change.   Do I qualify? Age 62 or older The home you own must be your primary […]

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