Wondering how to increase your income in retirement? Reverse mortgages can be used to achieve a wide range of financial goals for homeowners who are 62 years of age or older.
Diane Beaumont, Branch Manager | NMLS ID: 247026 CO Mortgage License: 100019059
If you're a homeowner who's 62 years of age or older, a Reverse Mortgage with Benchmark can help you to re-gain financial freedom when you need it the most.
Use it to pay off an existing mortgage.
Supplement your monthly income with a fixed payment from your Benchmark Reverse Mortgage.
Access capital when you need it.
Use funds from your Reverse Mortgage to purchase your dream home.
We’ve all heard the term and probably don’t know much about them except the bad things we’ve heard. But like snakes, sharks, and honey badgers… they’re not bad, just misunderstood and play an important role in the “ecosystem” of home loan financing.
Let’s address two of the biggest misconceptions about reverse mortgages for starters.
The first reverse mortgage was done in 1961 and was written to Nellie Young in Portland, Maine by Nelson Haynes of Deering Savings & Loan. Haynes designed this very unique type of loan to help the widowed wife of his high school football coach to stay in her home after losing her husband.
Reverse mortgages can be used to achieve a wide range of financial goals for homeowners who are 62 years of age or older like:
All without having to take on a mortgage payment in your senior years.
So if you’ve wondered about ways to increase your income in retirement maybe to take a few more of those trips that are long overdue, maybe concerned about having enough in the future for healthcare expenses, want to downsize but retain the sale proceeds of your current property, or finally buy your dream home without being left house-rich and cash poor; a reverse mortgage might be the solution.
But like all home loans, expertise in matching the right loan with the right homeowner is paramount. And here at Benchmark Mortgage we are here to do that for you whether it be a traditional mortgage, VA loans, USDA loans, FHA loans and yes… even reverse mortgages.
Diane Beaumont, Branch Manager
NMLS ID: 247026
CO Mortgage License: 100019059
Are you 62 or over and own a home with substantial equity? You could qualify for a Reverse Mortgage with Benchmark.
(719) 687-2112
517 S. Baldwin Street Woodland Park, CO 80863
311 Sixth Street, Suite A1 Crested Butte, CO 81224
Ark-La-Tex Financial Services, LLC d/b/a/ Benchmark Mortgage, 5160 Tennyson Pkwy STE 1000, Plano, TX 75024. NMLS ID #2143 (www.
