Will the lender take ownership of my home?

• You continue to own your home, NOT the lender.  If there is equity left when the house is sold, you or your heirs simply pay off the Reverse Mortgage and the remaining equity goes to you or your estate.

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If my home is paid for, do I need a Reverse Mortgage?

• The Reverse Mortgage should be part of your financial plan in retirement. Colorado home values continue to grow and should absolutely be considered as an additional source of funds in retirement. 

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Don't only "cash poor"/low-income seniors get Reverse Mortgages? 

• Even though some seniors may have a greater need than others for additional funds, the Reverse Mortgage (with its incredible benefits) should absolutely be considered as part of everyone's financial plan. 

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Can I do a Reverse Mortgage on a 2nd home? 

• The Reverse Mortgage can only be initiated on your "primary residence," which is the primary home that you live in more than half of the year. 

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HAVE FURTHER QUESTIONS? REACH OUT TO JACKIE HAHN VIA THE CONTACT TAB.