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A COLORADO Reverse Mortgage allows a senior homeowner (62+) to exchange a portion of the equity in their home for a Tax Free Income. The COLORADO Reverse Mortgage has NO Monthly Payments required for as long as you live. The COLORADO Reverse Mortgage provides Tax Free Cash that can be used for any purpose. With a COLORADO Reverse Mortgage you retain the Title to your Home. That means with a COLORADO Reverse Mortgage you can sell your Home at Anytime. A COLORADO Reverse Mortgage allows you to receive the Cash in Monthly Payments, A Lump Sum, A Line of Credit, or a Combination of the above. A COLORADO Reverse Mortgage does not affect Social Security and Medicare. With a COLORADO Reverse Mortgage there are No Income, Credit or Health Qualifications.
THE PROCESS OF A COLORADO REVERSE MORTGAGE
• Educate yourself about a COLORADO Reverse Mortgage.
• Get a free information package about a COLORADO Reverse Mortgage.
• Speak with a qualified lender about your option of a COLORADO Reverse Mortgage.
• Consult a trusted family member or financial advisor about the benefits of a COLORADO Reverse Mortgage.
• Schedule a counseling session with a third party, non-biased counseling group about a COLORADO Reverse Mortgage.
• Upon reaching a decision to pursue a COLORADO Reverse Mortgage complete an application with a qualified COLORADO Reverse Mortgage Specialist.
• The COLORADO Reverse Mortgage Specialist will begin the underwriting process by ordering an appraisal, title work, and other related documentation.
• The COLORADO Reverse Mortgage is submitted for final approval and then is scheduled for closing at a location convention for you.
• At funding of the COLORADO Reverse Mortgage you receive your Tax Free Cash.