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Reverse Mortgage Articles By Kevin A. Guttman

 

Kevin Guttman – Reverse Mortgage Specialist Colorado

Mistakes To Avoid When Getting A Reverse Mortgage

November 24th, 2020|0 Comments

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 mortgage, the following are mistakes you should avoid: Choosing An Amateur Reverse Mortgage Loan Officer Working with an inexperienced loan officer can be a [...]

Benefits Of Obtaining A Reverse Mortgage

November 24th, 2020|0 Comments

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 with adequate equity. As a homeowner, a reverse mortgage allows you to borrow equity. Rather than paying the lender, the lender makes payment to [...]

The Mortgage That Sounds Too Good To Be True

November 14th, 2020|0 Comments

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 protect equity from a real estate market correction transfer responsibility of repayment from yourself to your home   Does such a mortgage [...]

Who is a Good Candidate for A Reverse Mortgage?

November 10th, 2020|0 Comments

The son of a senior homeowner asked me recently if his parents were good candidates for a reverse mortgage? These are the questions I asked him. How long do your parents plan to live in their home? If at least 18-24 months or more, then it may make sense as it may take that long to recoup the cost of the loan. Does this home fit them in this stage of life? i.e. can they still navigate [...]

The Mortgage That Sounds Too Good To Be True

November 4th, 2020|0 Comments

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 protect equity from a real estate market correction transfer responsibility of repayment from yourself to your home   Does such a mortgage [...]

What’s the Best Mortgage in Retirement?

October 28th, 2020|Comments Off on What’s the Best Mortgage in Retirement?

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 a USDA loan which offers low-interest rates and a zero down payment option. A veteran can use their VA eligibility to get a zero [...]