Colorado Reverse Mortgage Information

Colorado Reverse Mortgage Information

Colorado Reverse Mortgage Information

Welcome to Mutual of Omaha Reverse Mortgage, your trusted resource for comprehensive information on reverse mortgages in Colorado. Whether you are in Denver, Aurora, Boulder, Colorado Springs, Grand Junction, or anywhere in the Centennial State, I can answer all your questions and provide you with the information you are looking for. If you're a homeowner aged 62 or older (55 in some states), you have a powerful financial tool at your disposal: the reverse mortgage. Let's explore how this innovative solution can help you tap into your home's equity and enhance your retirement.

Why Choose a Reverse Mortgage in Colorado?

Colorado boasts stunning natural beauty, a thriving economy, and a strong real estate market. As a homeowner in Colorado, you've likely accumulated significant equity in your property over the years. A reverse mortgage allows you to leverage that equity without the burden of monthly mortgage payments, providing you with the financial flexibility to pursue your passions, cover expenses, or simply enjoy your retirement to the fullest.

Larry McAnarney, HECM Loan Specialist

Larry McAnarney

HECM Loan Specialist

NMLS# 21059 | 815-703-4745

Empowering Colorado Homeowners

I am dedicated to empowering Colorado homeowners to make informed financial decisions. I can provide personalized guidance and support tailored to your unique needs and goals. I believe in transparency, integrity, and excellence in customer service, ensuring that you have the resources and information you need to make the right choices for your financial future.

Your Path to Financial Freedom Starts Here

Are you ready to explore the possibilities of a reverse mortgage in Colorado? Dive into our comprehensive resources, including informative guides, articles, and tools designed to demystify the reverse mortgage process and empower you to make confident decisions about your home equity. Whether you're looking to supplement your retirement income, fund home renovations, right-size, or consolidate debt, a reverse mortgage could be the key to unlocking your home's potential.

Discover the Benefits of a Reverse Mortgage Today

Your home transcends being just living space – it's a valuable buffer asset that can support your financial goals in retirement. Take the first step towards securing your financial future by exploring the benefits of a reverse mortgage. Contact me today at 815-703-4745 to schedule a free no-obligation consultation. Your journey to financial freedom starts here.

Request a Quote
Below are just a few of the Colorado cities and counties where you can obtain a reverse mortgage.

Reverse Mortgage Frequently Asked Questions

Yes, refinancing is possible. This option may be to your advantage if your home increases in value, making more funds available.

Read More

A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).

Read More

You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…

Read More

Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…

Read More

Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…

Read More

The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…

Read More

A reverse mortgage is a home-secured loan that’s exclusively for homeowners and homebuyers age 62 and older. It allows borrowers to convert some of…

Read More

You have a number of choices for how you receive your funds:

  • Lump sum
  • Monthly…
Read More

A reverse mortgage offers certain advantages:

  • With a traditional home equity loan or home equity line of credit, you…
Read More

The specific amount depends on several factors, including:

  • Your…
Read More

With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…

Read More

Yes. For many homeowners age 62 and older who are looking to refinance their mortgage(s) or consolidate debt to reduce their monthly bills, a reverse…

Read More

Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.

Read More

The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.

Read More

The loan must be paid in full when one of the following occurs:

  •  A “maturity event” —…
Read More

To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:

Read More

Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…

Read More

Verified Reviews

(204)

Informative & Professional I worked with Larry McAnarney and he was very informative and professional. Everything went smoothly with the reverse mortgage and I was very pleased with the transaction.      

Mark G — Mar 27, 2019

Excellent Knowledge of His Product Larry excellent knowledge of his product, friendly personality, answers phone promptly, stays ahead of what should happen next. Highly professional and a pleasure to do business with through the whole process.      

Preston & Bonnie S — Feb 9, 2024

Reverse Mortgage Purchase Program Larry was a great help in helping my mother purchase her new home using the reverse mortgage purchase program. Part of my mother's income comes from French pensions and needed additional verification/proof which was not easy - but Larry was readily available to help simplify the process and explain the details. I would definitely recommend using Larry for anyone looking into getting a reverse mortgage. He is straightforward and trustworthy. Thanks again!      

Olivier D — Mar 14, 2018

Read More Reviews