What is the history of the Reverse Mortgage?
Who qualifies?
How are homeowners protected?
How are homeowners protected?
The Reverse Mortgage has gone through many developmental milestones to make it the safe financial tool it is today. Contact Jackie Hahn for tailored information on how the Reverse Mortgage can protect you.
The Reverse Mortgage has gone through many developmental milestones to make it the safe financial tool it is today. Contact Jackie Hahn for tailored information on how the Reverse Mortgage can protect you.
The Reverse Mortgage has gone through many developmental milestones to make it the safe financial tool it is today. Contact Jackie Hahn for tailored information on how the Reverse Mortgage can protect you.
The Reverse Mortgage has gone through many developmental milestones to make it the safe financial tool it is today. Contact Jackie Hahn for tailored information on how the Reverse Mortgage can protect you.
The Reverse Mortgage has gone through many developmental milestones to make it the safe financial tool it is today. Contact Jackie Hahn for tailored information on how the Reverse Mortgage can protect you.
When and how is a Reverse Mortgage paid off?
When and how is a Reverse Mortgage paid off?
When and how is a Reverse Mortgage paid off?
When and how is a Reverse Mortgage paid off?
How are my taxes, homeowner's insurance, and homeowner's association dues paid?
How are my taxes, homeowner's insurance, and homeowner's association dues paid?
You continue to pay these fess, although you will not have a monthly mortgage payment toward principal and interest.
How can I receive my funds?
How can I receive my funds?
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Some Cash Upfront
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Line of Credit THAT GROWS
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Receive monthly check from the
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Reverse Mortgage
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Lifetime (Tenure) or Term (Set # Years)
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Combination of the Above
How much equity can I access?
How much equity can I access?
The amount of Funds that you can access is based on three factors:
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Age of youngest borrower
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Value of your property (determined by and FHA appraisal)
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Current Rate
Additional Reverse Mortgage Resources:
Additional Reverse Mortgage Resources:
Jackie Hahn
Your Colorado Reverse Mortgage Expert
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Company NMLS: 2436590 Loan Officer NMLS: 1588665 CO License: 100506691
When and how is a Reverse Mortgage REpaid?Â
A Reverse Mortgage may become due and payable for any of the following reasons:
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All of the Borrowers have died.
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All of the Borrowers have sold or conveyed title.
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The Property is no longer the primary residence of at least one Borrower.
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The Borrower fails to occupy, establish and use the Property as Borrower’s principal residence within 60 days after the execution of the Security Instrument on a Purchase transaction.
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No Borrower maintains the Property as a principal residence for a period exceeding 12 consecutive months because of physical or mental illness.
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The Borrower violates any other covenants of the Security Instruments and has refused or is unable to comply with the violated conditions of the Security Instruments.
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A Reverse Mortgage is paid off just like any other mortgage. Proceeds from the home being sold or heirs choosing to refinance are used to pay off the Reverse Mortgage, if there are funds left over, the remaining amount will go to your estate.