Month: June 2013

Jan Jordan 1310 KFKA Radio Saturday, June 29th

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Jan Jordan Reverse Mortgage Loveland Fort Collins Greeley Colorado
Jan Jordan, Reverse Mortgage Specialist, will be on Northern Colorado’s 1310 KFKA radio Saturday, June 29th from 8am – 10am.  Jan will be discussing reverse mortgage on Jim Saulnier and Chris Stein’s weekly IRA and Retirement show.  You can listen live by tuning your radio to 1310AM or find the live stream online here.  If you miss Satuday’s show, it can be accessed later via podcast here (note: podcast won’t be available for approx 10 days).   1310 KFKA is a popular AM station in the Greeley, Loveland, Windsor, and Fort Collins areas.

 

Reverse mortgage is available to senior homeowners 62 and over, regardless of income or credit.  Many borrowers use their proceeds to supplement their monthly income, fund extraordinary medical expenses, or to live a more fulfilled life with family before passing away.

 

Jan Jordan is a Reverse Mortgage Specialist serving the Fort Collins, Loveland, Greeley, and Front Range areas of Colorado.  Click here to contact Jan and learn if reverse mortgage is right for you.

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

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Reverse Mortgage Helping Seniors in Fort Collins Colorado Loveland Greeley

 

For many seniors in Loveland and Fort Collins, Colorado the federal reverse mortgage program is a proving to be a much needed lifeline.   Current statistics show that approximately 44% of reverse mortgage borrowers have incomes under 200% of the federal poverty level, or less than $22,980 per year for a single individual.  Unfortunately, as the cost of living increases, the elderly are often hit the hardest – some barely scraping by.  Many reverse mortgage borrowers are using funds to supplement their monthly income allowing them to enjoy a more comfortable lifestyle during retirement and as they age.  Other common uses for reverse mortgage funds are planning ahead for emergencies or to pay for medical costs.

 

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How Reverse Mortgage is Helping the Baby Boomers

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Reverse Mortgage Colorado Fort Collins Loveland GreeleyWhile the “baby boomer” generation inches towards retirement, the economy in many areas is still rather dismal.  Many took major losses in the 2008 economic meltdown, losing their hopes for a prosperous retirement.  In situations such as this, reverse mortgage is becoming an important piece of retirement planning.  Seniors, 62 years and older and regardless of income or credit, now have the ability to fund their retirement using the equity in their homes, alleviating mortgage payments, and receiving either a lump sum or monthly pay-outs as long as the borrower(s) remain in the residence.  For many, this option makes a world of difference, allowing for the sought after prosperous retirement years instead of barely scraping by on a budget.  Reverse mortgage funds can be used for any purpose the borrower chooses, and is often used to help with every day expenses or long term medical costs.

 

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