Reverse Mortgage Denver - Colorado Companies - Brokers

Denver Seniors Turn to Angella Conrard, CRMP,

for the Best Reverse Mortgage Options

Angella Conrard

Angella Conrard, CRMP, has a history of being of service to people. First, as a wellness practitioner, and now, for 16+ years, she's helping seniors age 62 and older learn, understand, and obtain reverse mortgages. Her dedication to education and information sets her apart from her peers, as does the well-earned title "Certified Reverse Mortgage Professional" – the highest certification available in the industry.

As a member of the award-winning C2 Financial Corporation, based in Southern California, Angella enjoys the variety of loan products C2 has available for her clients. C2 is rated A+ by the Better Business Bureau and is nationally acknowledged as a top mortgage company.

What is a Reverse Mortgage in Denver?

A reverse mortgage is a unique program for homeowners 62+ with at least 50% equity in their home. The program allows seniors to access that equity to pay off their current mortgage and then utilize the proceeds however they wish without a monthly mortgage payment. It can be a life-changing option for retirees looking to expand their retirement funds.

The Federal Housing Administration (FHA) insured the loan, which is considered a "non-recourse" loan, meaning you never owe more than the home's value. A borrower must remain in their home as their primary residence for at least six months per year, maintain the home in good condition and be current with taxes and insurance. The loan becomes due with the last borrower moves out of the home, sells it, or passes away.

When the maturity event occurs, the estate can choose to sell the home to repay the reverse mortgage or refinance it. Once thought of as a "last resort," today's reverse mortgage is a safe and viable tool that many financial advisors embrace for their clients. Zillow Denver Average Home Values: https://www.zillow.com/home-values/11093/denver-co/

About Denver, Colorado

The growing city of Denver, Colorado, located in the western United States, saw an increase in the population of 19.22% between 2010 and 2020. It is located on the High Plains at the foothill of the Rocky Mountains. It is nicknamed “Mile High City” because the elevation is one mile above sea level.

Denver enjoys four distinct seasons. Because of its location on the High Plains, it receives most of its precipitation between April and August. Cold, snow, ice, and winds are common during winter, and summer is usually warm to hot.

Industries in the area have varied from transportation and telecommunications to restaurant headquarters and energy. Residents and tourists enjoy exploring the Rocky Mountains in both winter and summer. A place known for sports enthusiasts, Denver is one of ten US cities with five major sports teams!
The median home price in Denver is higher than in other parts of Colorado, at $649,500. During the rush of the pandemic, they lacked inventory, and bidding wars increased the price of homes significantly.

If you're interested in pursuing a reverse mortgage in Denver, contact Angella Conrard to assist you. She is passionate about helping you achieve the retirement lifestyle you desire.