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Colorado Springs Reverse Mortgages
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Free Reverse Mortgage Information
Kevin Richardson provides the best in free Free Reverse Mortgage Information. His Info. Kit answers questions regarding reverse mortgages and Social Security, Medicare, Taxes, etc. Request his free Information packet today by calling 719-488-1999 or by visiting his site today... Read More
Kevin Richardson - Reverse Mortgage Specialist
Assurity Financial Services
1042 W. Baptist Road #216
Colorado Springs, CO. 80921
Tel: 719-488-1999 | Toll Free 1-866-841-0953 x 10730
Email | Website
About Colorado Springs Reverse Mortgages
Reverse Mortgages in Colorado Springs, CO.
If you are a resident of Colorado Springs, CO. and are looking for reverse mortgage, then please read on. This page contains information on the Colorado Springs reverse mortgage. Senior Reverse Mortgage Online is a national provider of reverse mortgages, and offers loans in each city across the state. We also act as A Reverse Mortgage Referral Service, so if you prefer to work with someone in your immediate area, you can do just that. Visit our Reverse Mortgage Directory for local Colorado Springs reverse mortgage providers, or contact the specialist at the top of the page. Benefits and highlights of the Colorado Springs reverse mortgage are listed below.
A Reverse Mortgage is a federally-insured home loan that lets a homeowner convert a portion of the home's equity into cash. The equity can be paid to you, the borrower, in one large lump sum, in monthly term or lifetime payments, or be retained in an interest bearing account until the funds are needed. With a Colorado Springs reverse mortgage, unlike a traditional home equity loan or second mortgage, NO REPAYMENT of the loan is necessary, so long as the borrower lives in the home. This makes it a good source for More Retirement Income. Additional information on the Colorado Springs reverse mortgage is listed below.
Colorado Springs Reverse Mortgage Requirements:
- >>Borrowers must be Age 62 years or older
- >>Own their home and have enough equity in to qualify
- >>Occupy the home as primary residence
- >>Receive counseling by an approved HUD/FHA counselor
- >>The home must be in reasonably good repair
Colorado Springs Reverse Mortgage Payment Options
- >> Lump sum disbursement
- >> Monthly payments
- >> Line of credit
- >> A combination of the Above
Colorado Springs Reverse Mortgage Loan Amount
The amount of a reverse mortgage loan is based on several factors.
- >> Age of the youngest borrower
- >> Value of the home
- >> How much is owed on the home (if any)
- >> Current interest rate
To learn more about reverse mortgages in Colorado Springs, CO., please request a free Reverse Mortgage Quote online. There is no obligation, and the information is free. You may visit the following link to return to the Senior Reverse Mortgage home page.
