Reverse Mortgage Specialist, Colorado
Reverse Mortgages are emerging as a significant financial tool for senior homeowners because of the broad range of needs these unique loans can satisfy. For some, these loans provide the extra dollars that let them stay securely in their homes throughout retirement. Because seniors are living longer and healthier lives a reverse mortgage can provide access to the tools you need to live well in retirement.
Contact Virginia Berry
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| 719-520-3326 Direct 866-260-6713 Toll Free 719-520-3328 Fax |
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| For Your Private In-Home Consultation, Please Call For An Appointment. | |
For
more information, please click the PDF logo to download an informative
Reverse Mortgage Presentation.
What A Reverse Mortgage Can Do For You
After years of building equity in your home, you can now withdraw a portion of your money and use it anyway you like. Reverse Mortgages are a safe and secure financial tool that can assist you in remaining in your home, free of mortgage payments, financially independent and with the peace of mind of knowing you retain title to your property.
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No income qualification. |
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All borrowers must be 62 years or older. |
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Absolutely no monthly mortgage payments. |
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You will never owe more than the current market value of your home. |
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No repayment is made until the home is sold or the owner permanently moves out or passes away. |
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Social security benefits and Medicare are generally not affected by a reverse mortgage YOU own your home, the lender does not take control of the title. |
Virginia Berry, with over 12 years of experience in reverse mortgages, is your local Colorado Reverse Mortgage Specialist. Approval Reverse Mortgage’s home office is located in Denver, Colorado, with offices also in Arizona.
Over 62? Downsizing, Right-Sizing or Looking to Relocate? Check out the New Reverse Mortgage Purchase Program!
For the first time since it’s inception in 1989, seniors age 62 or older, can use their reverse mortgage to purchase a new property! This new program allows seniors to purchase a new principle residence and obtain a reverse mortgage within a single transaction – eliminating the need for a second closing and additional closing costs. The reverse mortgage purchase program also allows seniors to relocate to another city or state, bringing them closer to family or to a better climate.
Economic Stimulus Increases Loan Amounts for Reverse Mortgages!
The new economic stimulus package, signed in January 2009 contains several changes that equate to very exciting news for seniors seeking a Reverse Mortgage! One of these changes increases loan limits, from $417,000 up to $625,500!