The Denver Reverse Mortgage is one of the most powerful retirement planning tools available to retirees. You will no longer have a mortgage payment for the rest of your life with a reverse mortgage, yet studies show that retirees with a Denver CO Reverse Mortgage on average end up with a higher net worth upon their death.

There have been extensive studies on the effect of today’s reverse mortgage on the financial well-being of retirees. In fact, one study by shows that while 45% of retirees without a reverse mortgage outlive their money in retirement, only 15% who have a reverse home loan outlive their money (Barry and Stephen Sacks). 

What would you do if you outlived your retirement nest egg in your 80’s or 90’s? The Denver CO Reverse Mortgage is no longer only an option of last resort, it will help you preserve your assets and assure that you feel financially secure in your retirement for the rest of your life.

The reverse mortgage can be used either to refinance your current traditional mortgage loan, or can be used to purchase a home through the HECM for purchase reverse home loan. To qualify, you only need to show that you have the ability to pay the taxes and homeowner’s insurance, and must have enough equity in your home. The amount of equity that is required is based on your age, with older borrowers able to borrow a higher percentage.

Here are a few of the many benefits of the powerful Denver reverse mortgage as a part of your overall retirement plan:

  • No mortgage payment for the rest of your life. Stop pulling taxable income from your investments, potentially in a down market, to pay a traditional mortgage payment.

  • Postpone taking social security in your 60’s to maximize your benefits.

  • Never will you or your spouse be forced to move out of your home as long as you are living and pay the taxes and homeowner’s insurance, even if one of you is not on the reverse mortgage loan.

  • You aren’t “giving the house to the bank.” The home is still yours, and your heirs will get the home and any equity upon your death.

  • If you end up owing more on the home than the value upon your death, your heirs are not on the hook. The reverse mortgage insurance will cover the difference!

  • Take a mortgage interest tax deduction only in the years you want.

Another great resource is the US Department of Housing and Urban Development’s “Frequently Asked Questions about HUD’s Reverse Mortgages.”

Give RJ Baxter a call in the office to get your questions about the Denver Colorado Reverse Mortgage answered or visit our website at . We can also send additional literature such as the studies referenced above. 

RJ will give you honest answers to your questions, and doesn’t believe in high-pressure sales. You should have all of the facts and feel comfortable with this powerful and unique home loan product before making any decisions. You can reach RJ Baxter at 303-670-0137 or 

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RJ Baxter

NMLS# 395819

Fairway Independent Mortgage Corp
Corporate NMLS# 2289

165 S. Union Blvd, Suite 400
Lakewood, Colorado 80228


Phone: 303-670-0137

All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs, and underwriting policies are subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans are subject to underwriting approval. Some products may not be available in all states and restrictions apply.

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