Residential Financing News!

If you’re part of the “Sandwich Generation”, meaning your parents are over 65 and you’re raising your own children, you face a difficult choice. You’re trying to balance the funding needs of your own family against the worry that your parents’ savings won’t be enough to cover their living or heal...

One of the most frequently asked questions about reverse mortgages is, “How does it differ from a traditional mortgage?” With a traditional mortgage, you make your payments each month, slowly chipping away at the loan balance a little bit at a time. But with a reverse mortgage, monthly principal ...

Inflation has increased the price of just about everything, including buying a new home. For senior homeowners living in a home that no longer fits their needs, this is a serious problem. They have the option of selling their home and receiving an inflated return, but finding a new home when inve...

             COLORADO DOWN PAYMENT ASSISTANCE We understand how important your home purchase is. That’s why we want to give you the information and resources you’ll need to make the best decision for you and your family. Colorado Home Loan Team are professionas here to provide free consultation a...

Questions you should be asking about your Reverse Mortgage Reverse Mortgage is a way homeowners over the age of 62 are using the equity in their home to add to their retirement funds. The benefits of using a reverse mortgage include extending retirement fund longevity, eliminating a mortgage paym...

There are many reasons why a retired homeowner would consider taking a reverse mortgage. Some people use a reverse mortgage as part of a financial plan, while others use it in the case of an emergency. There are very few restrictions on what the funds from a reverse mortgage can be used for, alth...

Getting a reverse mortgage is a great way to create additional income in retirement, but they aren’t for everyone. Just as with any mortgage product, there are qualifications, but beyond that, there are also times when certain products will be better suited than others. If you are considering opt...

What if a 50 Percent Down Payment Meant No Mortgage Payment in Retirement? A mortgage free retirement is ideal for most people. Fixed income means budget restrictions for most retired people wanting their funds to last. One method of retirement income protection and generation is a reverse mortga...

It’s true, Reverse Mortgages have received the scorned looks of homeowners and financial folks alike for years. But with changes made in how they are presented, funded and regulated, they are slowly making their way back into the good graces of financial advisors. In fact, several studies are now...

Sixty-four percent of retirees will get at least half of their income from Social Security. The primary source of income for most retirees is in the form of a 401k or IRA, and yet all of them are concerned with the big question: “Will my retirement funds last?” The goal of most financial plans is...