When the Federal Reserve lowers interest rates, it provides an exciting opportunity for those looking to buy real estate. But what about seniors who are happy in their homes? Can lower rates help them? Refinancing or getting a home loan as a senior can be next to impossible, especially if you’re on a fixed income.
The good news is that seniors can take advantage of lower rates right now, with a Home Equity Conversion Mortgage (HECM), also known as a Reverse Mortgage.
For homeowners age 62 and older, a reverse mortgage could be the perfect solution to address unexpected or increased expenses. Between historically high home values in the Denver area and a recent lowering of interest rates, it is a wonderful time to consider a reverse mortgage.
You may be able to access even MORE equity in your home than was previously available, and ensure financial security for your golden years!
With a reverse mortgage you own your house, can get tax-free cash, eliminate your mortgage payment*, and enjoy your retirement to the fullest! You deserve it! It’s time to stop struggling to make ends meet. Pick up your phone now and call me or my team at 720-458-4034 and see if a reverse mortgage can help you live a better life.
Silver Leaf Mortgage, Colorado’s #1 Reverse Mortgage Broker.
Matt Witt, NMLS #1638881, President at Silver Leaf Mortgage in Centennial.
Contact me at: 720-458-4034, or you can email me at: MattW@SilverLeafMortgage.com
* The homeowner is still responsible for applicable property taxes and homeowner’s insurance, as well as maintaining the property.
Tags: HECM, home equity conversion mortgage, interest rate reduction refinance loan, irrrl, reverse mortgage