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 difficult, especially if you’re on a fixed income. The good news is that seniors can take advantage of lower rates right now, with a reverse mortgage from Silver Leaf Mortgage.
As a homeowner age 62 and older, a reverse mortgage may be the perfect solution to address unexpected or increased expenses. With historically high home values in Colorado and near record lows in interest rates, now is the time to consider the benefits of a reverse mortgage
You will likely be able to access even more equity in your home than was previously available, and if you already have a reverse mortgage now is the time to consider refinancing to a lower rate and increased equity access.
With a reverse mortgage, you own and keep your home, get the tax-free cash you need, eliminate your mortgage payment if you have one*, and enjoy your retirement to the fullest!
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
Listen to: The Reverse Mortgage Show Hosted by Matt Witt on Legends 810 and 94.3FM, 670 KLTT, 100.7FM KLZ and 560 KLZ
or see us live on Colorado’s Best KWGN CW2 & Fox-31, or Colorado & Company KUSA 9News
* The homeowner is still responsible for applicable property taxes and homeowner’s insurance, as well as maintaining the property.