For most retired homeowners, living on a fixed-income is truly a challenge. Having little to no extra monthly income to cover unexpected medical expenses, home repairs or even basic needs like food and medicine in some cases. And, many do not have a financial safety net or children that can step in and help, they are left with no options.
Thankfully, with the help of a Silver Leaf Mortgage, Colorado’s #1 Reverse Mortgage Broker, financial assistance may be accessible. However, a key determining factor in the amount of financial assistance you may qualify for is based upon the overall condition of your home.
That is why Silver Leaf Mortgage has partnered with the Forever Home Foundation, a Colorado based 501(c)3 Public Charity that helps seniors live in their home for as long as they choose.
Together, we have developed the Senior Home Repair Program. This program offers seniors a variety of financial options that include no-interest-rate loans and grants up to $15,000 to be used for home repairs or renovations.*
Having your home in top condition prior to an appraisal can greatly increase the amount of tax-free funds available to you in the case of a reverse mortgage. And, in many cases, the overall value of your home is the make or break factor when it comes to whether or not you qualify for a reverse mortgage.
If you are a homeowner, 62 or older and you have financial worries, take the first step, call Silver Leaf Mortgage today and speak to one of our local Reverse Mortgage Specialists. 720-458-4034.
Silver Leaf Mortgage, Colorado’s #1 Reverse Mortgage Broker.
Jim Doyle, VP of Lending and Reverse Mortgage Specialist,
NMLS #335659 at Silver Leaf Mortgage, NMLS #1394377 located in Centennial, CO.
PH: 720-458-4053 or EM: JimDoyle@SilverLeafMortgages.com
Tags: age in place, home equity conversion mortgage, reverse mortgage, Reverse Mortgage Basics
