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Reverse Mortgage as a Great Retirement Planning Tool

April 5th, 2024 10:35 AM by Ken Morley

A tremendous amount of Seniors (62 or older) have an enormous amount of equity tied up in their home with no way to access it through traditional loans. This is where a Reverse Mortgage can be a great retirement planning tool. With a very simple qualification process they can now have access to some of that equity immediately and a line of credit which increases over time. This equity can now be put to use to pay off any mortgages on their property with the remainder for debt consolidation, home improvements, dream vacation, etc. This eliminates monthly mortgage payments and can even be used to supplement the income they are currently receiving. A Reverse Mortgage can even be used to purchase a new home to right size, accommodate special circumstances, or move to a preferred location. They can enjoy having no monthly mortgage payment, increase their purchasing power, and even save some of the money received from the sale of their former home. To learn more and/or to see if you qualify give us a call at (303) 650-9400 today!

Posted by Ken Morley on April 5th, 2024 10:35 AM



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