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

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

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

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

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

The specific amount depends on several factors, including:

  • Your…
Read More

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

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

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

  •  A “maturity event” —…
Read More

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

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

(211)

Larry is the Best!! I was referred to Larry and could not be happier for the result. I had a unique circumstance, I was just out of bankruptcy and I had to save my house from foreclosure. I just got in under the time to qualify from the better limits under the old rules for a larger line of credit. Because my bankruptcy estate was not fully complete I had to get a court order from the bankruptcy judge to remove my house from my bankruptcy estate. With a time limit of 12/31/13 to close the financing, which I had to have to pay off the amount due to get out of foreclosure. Once I had the court order, Larry did a miracle in getting the paper work complete to close. I ended up closing the reverse mortgage on 12/31/13 at 12:30 pm, just 4.5 hours left in the year to close the deal! Larry saved my house and life. I can never express the amount of gratitude I have for his great service. THANK YOU LARRY!!!!!

Carl S — Jan 16, 2017

Obtaining a Reverse Mortgage Larry McAnarney made the process of obtaining a reverse mortgage easy, with as little stress as possible. The only knowledge I had of reverse mortgages was negative, and it was something I wanted to avoid, but it was the only way we could stay in the home we had lived in for almost 40 years. If you have no other choice, I would highly recommend that you contact Larry to get you that information you need to get the process started.

Richard L — Mar 30, 2015

Power of Attorney Larry McAnarney was very helpful with my reverse mortgage application and execution. I had a situation where my wife couldnt sign, so I had to use a power of attorney. Larry was very understanding and helpful throughout the process.    

Al & Linda M — Aug 7, 2019

Read More Reviews