📍 1932 W 33rd Ave, Denver, CO, 80211
📞 303-467-7821
Reverse Mortgage Specialist Serving Metro-Denver And Front Range Since 2003. Stay In your Home - Never Make Another House Payment - Convert Equity into Tax Free Income. In a nutshell, a reverse mortgage is an FHA insured loan that is specifically designed for homeowners, age 62 and above, that allows you to convert a portion of the value of your home into tax-free money*, without ever having to sell your home, give up title or obligate yourself to a monthly mortgage payment. "OK, that's what a reverse mortgage is," you say, "but how does it actually work? How is it that someone can actually get a loan that they never have to pay back?" Great question. I'm so glad you asked! What is a Reverse Mortgage? The Details As I said above, with a reverse mortgage, you never "obligate yourself to a monthly payment". Please do not misunderstand me here - A reverse mortgage is not free money. You are still charged interest, it's just that you are not actually paying it out of your pocket. As long as you, or anyone else who is signed on the reverse mortgage loan, are - Living in the home as your primary residence, - Paying the property taxes and homeowner's insurance, - Maintaining the property, you will never, ever have to have to repay the loan or be forced to move. The reverse mortgage loan only becomes due and payable when the last person who is signed on the loan can no longer live in the home, or when the youngest borrower turns 150 years old. In fact, there is a form that you sign at the closing called a "Limited Liability Notice" that states: "Your liability under the Plan is limited to the net sale proceeds from the sale of the property. You will have no personal liability for the payment of the note. No deficiency judgment may be taken against you or the estate." Please call me for more information, I would love to answer all of your questions. Bruce Simmons
📍 101 University Blvd Ste 260, Denver, CO, 80206
📞 303-399-1124
Edward Jones is an investment firm that believes your financial goals deserve a face to face conversation. We can help you prepare for retirement, save for education and be a tax-smart investor.
📍 562 Ogden St, Denver, CO, 80218
📞 303-733-0286
Edward Jones is an investment firm that believes your financial goals deserve a face to face conversation. We can help you prepare for retirement, save for education and be a tax-smart investor.
📍 1120 Lincoln St Suite 101 Ste 101, Denver, CO, 80203
📞 303-832-0921
Edward Jones is an investment firm that believes your financial goals deserve a face to face conversation. We can help you prepare for retirement, save for education and be a tax-smart investor.
📍 200 Quebec St Bldg 600 Ste 206 Bldg 600 Ste 206, Denver, CO, 80230
📞 303-366-6375
Edward Jones is an investment firm that believes your financial goals deserve a face to face conversation. We can help you prepare for retirement, save for education and be a tax-smart investor.
📍 9745 E Hampden Ave Ste 210, Denver, CO, 80231
📞 303-695-0325
Edward Jones is an investment firm that believes your financial goals deserve a face to face conversation. We can help you prepare for retirement, save for education and be a tax-smart investor.
📍 1660 Wynkoop St Ste 100 Ste 100, Denver, CO, 80202
📞 303-389-0017
Edward Jones is an investment firm that believes your financial goals deserve a face to face conversation. We can help you prepare for retirement, save for education and be a tax-smart investor.
📍 3925 E 8th Ave, Denver, CO, 80206
📞 303-322-4993
Edward Jones is an investment firm that believes your financial goals deserve a face to face conversation. We can help you prepare for retirement, save for education and be a tax-smart investor.
📍 7350 E 29th Ave Ste 202 Ste 202, Denver, CO, 80238
📞 303-377-7557
Edward Jones is an investment firm that believes your financial goals deserve a face to face conversation. We can help you prepare for retirement, save for education and be a tax-smart investor.
📍 1905 Sherman St Ste 825, Denver, CO, 80203
📞 303-830-3190
Edward Jones is an investment firm that believes your financial goals deserve a face to face conversation. We can help you prepare for retirement, save for education and be a tax-smart investor.