Many retired seniors struggle with finances. It’s an unfortunate fact. For homeowners 62 and older, a reverse mortgage can be a great option to supplement their income. Instead of paying a lender a monthly payment, the lender pays you. A reverse mortgage is a home loan that allows you to withdraw some of a home’s equity and convert it into cash. The older you are, the more you can pull out. The nice part about the reverse mortgage is no payment penalty for your heirs. They will not be responsible for repaying the loan. Proceeds from the sale of the home can be applied to the loan amount, and heirs will get any equity that’s left over. Learn more about reverse mortgages in Longmont. Call Dianna Arrington today!

Dianna Arrington FMS Bank
1729 Terry St.
Dianna Arrington FMLSLongmont, CO 80501