ANOTHER WORD FOR REVERSE MORTGAGE PROFESSIONAL
Our certified reverse mortgage professional (CRMP) educates Coloradoans about the HECM reverse mortgage program. We are specialists. We are NOT a “call center” located in another state and we do not originate conventional “forward” mortgages. Around 90 percent of all reverse mortgages are backed by the Federal Housing Administration, which refers to them. Reverse mortgages can be a complex financial tool and are often misunderstood, but they don’t need to be! A Colorado Reverse Mortgage educates seniors, families and their financial planners about the reverse mortgage advantages and its disadvantages.Īt Colorado Reverse Mortgage, we only offer the reverse mortgage program to Colorado homeowners. If you get multiple phone calls and other solicitations pressuring you to move quickly, simply tell them that you’re not interested and to remove your contact information from their database.įor your peace of mind, choose a trusted professional who has a documented history of assisting seniors with the HECM program and who is actively committed to seniors and the reverse mortgage industry. It is our belief that it is a process beginning with an in-depth education so you are confident in your understanding and are making the right choice for you. Follow this link to learn some (like you don’t have to be 62!) details about the non-HECM reverse mortgage.Īlso, DO NOT ever feel rushed or pressured by any lender or telemarketer… Obtaining a reverse mortgage is a process. This site primarily focuses on the government guaranteed HECM product but when you call us, we’ll review all options. These can be excellent options but because of their uniqueness, it is recommended that you visit with a certified Loan Officer to help determine if it is an appropriate solution for your specific situation.
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There are other private or “proprietary” reverse mortgage products that may be a better fit for your situation. 10 hours ago &0183 &32 Another word for reverse.
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