Looking for the best reverse mortgage loan options in Colorado?
Meet Angella Conrard, CRMP.
If you’re considering a Colorado reverse mortgage, Angella Conrard and the award-winning C2 Financial Corporation have the experience, dedication, and program variety you need. As a Certified Reverse Mortgage Professional, Angella holds the highest level of training and certification available for reverse mortgages. She has been helping seniors understand and navigate the Colorado reverse mortgage process for 16 years. Whether you're in Denver, Colorado Springs, Fort Collins, or any city in Colorado, she can help you take advantage of the power of reverse mortgages.
Angella is passionate about educating her clients and partners. She takes pride in approaching her work not as “sales” but just honest, good information. Headquartered in California, C2 Financial Corporation has been A+ rated by the Better Business Bureau and has won multiple industry awards, including being listed as one of the top 50 employers in the country.
What is a Reverse Mortgage?
A reverse mortgage is a loan product that allows a senior homeowner to access their home equity without selling their home. There is no monthly payment required when you have a reverse mortgage. Although multiple payout methods exist, a monthly payment to you as a term or tenure is available. Additionally, many people opt to receive a lump sum of cash or a credit line. All are available with a Colorado reverse mortgage.
Specific terms of the loan are required to maintain a reverse mortgage, including keeping the home maintained, living in the home as your primary residence, and being current on all property taxes and insurance. You don’t repay the loan until a maturity event, such as selling your home or when you pass. At that time, the loan becomes due. Many heirs choose to refinance the loan, while others sell it. The sale proceeds pay off the reverse mortgage, and the remainder is passed on to the heirs by the estate’s direction.
A reverse mortgage is a "non-recourse" loan, meaning the borrower never pays more than the home's value when it becomes due, and the standard HECM reverse mortgage programs are FHA insured. There are also many proprietary or "Jumbo" reverse mortgages available.
Your neighbors have taken advantage of this life-changing program here in Colorado. In the last 12 months, 4,434 folks in your state have had a Colorado reverse mortgage.
Only half of the state lies in the Rocky Mountains; Colorado is classified as one of the "Mountain States" and has a population of 5,773,714 as of the 2020 census. It's known for various industries, including cattle, agriculture, cannabis, technology, research, manufacturing, and educational facilities. It is the 38th state and was admitted to the union on August 1, 1876.
When one thinks of Colorado, one may think of its capital, Denver. However, regions in and around Fort Collins and Colorado Springs have seen population and industry growth over the past decades. Ski resorts in Vail, Aspen, Steamboat Springs, and Breckenridge are popular destinations for ski enthusiasts.
Housing prices have increased in value in much of the nation. The Colorado state median home price is $545,00 compared to the average house price in the US of $348,079
Contact your Colorado Reverse Mortgage Specialist.
Angella is ready to help you discover financial ingenuity by utilizing your home's equity. Contact her today at (949) 439-7030.
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