Home Equity Line of Credit vs Reverse Mortgage Line of Credit What are the differences and similarities between a reverse mortgage line of credit and a home equity line of credit? HELOC RMLOC Requirements for income and creditworthiness. No requirements for income and credit score. Homeowners must still make [...]

As senior homeowners approach retirement, there are 4 big risks they face, which are: Healthcare costs Inflation Longevity, and Taxes Risk 1 - Healthcare It seems as if each week or month the rising cost of healthcare is in the news. Politicians can’t seem to figure out what to do about this and [...]

Like every other type of loan, taking a reverse mortgage in Colorado can be a financial disaster or a smart move depending on your financial situation and circumstances. It is a disaster for some people because they make certain mistakes that could have been avoided. Thus, if you’re planning to take a reverse [...]

Are you about to retire from work, and you’re putting things in place to have a lovely retirement? Then, going for a reverse mortgage in colorado is an option you might want to opt for. You’re qualified to get a reverse mortgage if you are over 62 years, and you own a home [...]

There is a mortgage available to senior homeowners that qualify that truly sounds too good to be true! What does this mortgage look like? no mandatory monthly mortgage payment required decrease monthly expenses and increase cash flow access and unlock equity, when equity is accessed it is not taxed earn compound interest on equity, guaranteed [...]

Life Stages Different mortgages fit different stages of life. For example, a first-time homebuyer benefits from an FHA mortgage as it has a low down payment threshold and easier underwriting criteria. A move-up buyer may use a Conventional or Conforming loan, that offers higher loan limits. Someone living outside the city benefits from [...]

Pressurized Environment for Seniors Senior homeowners are facing pressure as they live on a fixed income in retirement. They fear running out of money as they survey the economic landscape of rising health care costs, inflation, pending tax increases. Then there is the wildcard of longevity risk. As baby boomers are healthy and [...]