A reverse mortgage or home equity conversion mortgage (HECM) is a is a type of loan that allows older homeowner adults to access funds to eligible individuals based on their home equity. To be eligible, one must be a homeowner above the age 62 using the property as a main residence. This type of loan does not typically require monthly payments. The loan is repaid upon the homeowners change of address or death.
Legitimate home equity conversion mortgage (HECM) is insured by the Federal Housing Authority.
6312 S Fiddlers Green Cit, Greenwood Village 80111
Offers FHA Reverse Mortgages, a special government insured program for seniors 62+ to access tax-free funds from their home equity of use this program to “right size” into a new home, both with no mortgage payments. See Pamela Christian and Anne Matchette for detailed loan information.
10560 Wadsworth Blvd, Broomfield 80021
Have been providing both traditional and reverse mortgage financing in Colorado since 1996. Locally owned and operated in Broomfield, but serve all of Colorado. Ask us about five reverse mortgage myths and facts, three ways reverse mortgages help home owners stay in their home and how reverse mortgages help the children.