A Connecticut local, Sara has been working in the Reverse Mortgage industry for more than 12 years and has helped thousands of people just like you reach the best decision to meet their needs. Sara is always available to help you through this process, is ready to answer all questions you have, and will happily travel to meet with you in person. Reverse Mortgages are often incorporated into retirement strategy for seniors for all walks of life.
Third party counseling is required to ensure all questions about Reverse Mortgages are answered. Imagine living in your home mortgage payment FREE. Or purchasing a new home WITHOUT a mortgage payment. Or having the funds to live out your retirement dreams, even if your retirement savings or investments have been rocky. All of this is possible for homeowners 62 and over using a HECM reverse mortgage.
It's your home and now you can put it to work for you. This is not the reverse mortgage of yesterday. Once considered a lifeline used to help struggling seniors, reverse mortgages are now much more than that.
Third party counseling is required to ensure all questions about Reverse Mortgages are answered. Imagine living in your home mortgage payment FREE. Or purchasing a new home WITHOUT a mortgage payment. Or having the funds to live out your retirement dreams, even if your retirement savings or investments have been rocky. All of this is possible for homeowners 62 and over using a HECM reverse mortgage.
It's your home and now you can put it to work for you. This is not the reverse mortgage of yesterday. Once considered a lifeline used to help struggling seniors, reverse mortgages are now much more than that.
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Did you know older Americans are the #1 demographic to be hit with vicious scams, fraud and identity theft?
The kindness and trust many of us possess is something that should be honored, NOT taken advantage of.
But unfortunately there are those in the world who see these vulnerabilities as something to exploit - and they do.
Whether you are a consumer yourself, an adult child looking out for loved ones, or a professional working with the senior population, please inform yourself and take the steps necessary to prevent access to priceless personal information.
The kindness and trust many of us possess is something that should be honored, NOT taken advantage of.
But unfortunately there are those in the world who see these vulnerabilities as something to exploit - and they do.
Whether you are a consumer yourself, an adult child looking out for loved ones, or a professional working with the senior population, please inform yourself and take the steps necessary to prevent access to priceless personal information.
What is needed to qualify for a Reverse Mortgage for Purchase loan?
You must have your "required investment" (down payment) from a HUD allowable source.
The funds cannot be borrowed.
The required investment can come from the sale of a currently owned asset or money you have had for at least 90 days.
As the borrower and homeowner, you will always retain the title to the home, just like any other type of home loan.
It's very similar to if you owned your home free and clear - you will NOT have a monthly mortgage payment.
You must have your "required investment" (down payment) from a HUD allowable source.
The funds cannot be borrowed.
The required investment can come from the sale of a currently owned asset or money you have had for at least 90 days.
As the borrower and homeowner, you will always retain the title to the home, just like any other type of home loan.
It's very similar to if you owned your home free and clear - you will NOT have a monthly mortgage payment.
Sara Cornwall has been working in reverse mortgages for over 12 years.
She has worked with over 3,000 homeowners, their advisors and families, taking great pride in helping clients reach the right decision for their needs.
Sara's success has been based on her compassion, her knowledge of reverse mortgage loans and her customer service.
Call Sara today to find out how she's helped thousands of people just like you.
She's always available to help you through this process and would be happy to answer any questions you have.
She has worked with over 3,000 homeowners, their advisors and families, taking great pride in helping clients reach the right decision for their needs.
Sara's success has been based on her compassion, her knowledge of reverse mortgage loans and her customer service.
Call Sara today to find out how she's helped thousands of people just like you.
She's always available to help you through this process and would be happy to answer any questions you have.
If you find yourself yearning for a retirement of comfort in your own home in a community you love, you are definitely not alone.
Here are some pretty telling facts and statistics surrounding the desires of older adults in the U.S.
Even if they begin to need day-to-day assistance or ongoing health care during retirement, 82% would prefer to stay in their homes.
Most pre-retirees expect they will be able to live independently during retirement; only 14% expect they will need day-to-day assistance or ongoing health care at any point during their retirement.
Here are some pretty telling facts and statistics surrounding the desires of older adults in the U.S.
Even if they begin to need day-to-day assistance or ongoing health care during retirement, 82% would prefer to stay in their homes.
Most pre-retirees expect they will be able to live independently during retirement; only 14% expect they will need day-to-day assistance or ongoing health care at any point during their retirement.
A HELOC is the acronym for Home Equity Line of Credit, and thousands in the Fort Collins and Loveland cities have taken advantage of it.
When the housing boom was in full swing a number of years ago, the values of personal homes gave their owners a strong resource to draw upon in the form of a loan.
Unfortunately many of these loans amortized, leaving the borrowers with higher than predicted payments.
Seniors 62 or older with a HELOC loan may be able to utilize a reverse mortgage to relieve the financial burden.
When the housing boom was in full swing a number of years ago, the values of personal homes gave their owners a strong resource to draw upon in the form of a loan.
Unfortunately many of these loans amortized, leaving the borrowers with higher than predicted payments.
Seniors 62 or older with a HELOC loan may be able to utilize a reverse mortgage to relieve the financial burden.
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