If you’ve done any research on obtaining a reverse mortgage in Colorado, you probably already know all about the myths, advantages, disadvantages and most of the pros and cons of reverse mortgages.
But just in case you happen to be starting your research here, (good call by the way), I answer all of these questions, as well as “What is a reverse mortgage and how does it work?”, on the various pages of Reverse-Mortgage-Colorado.
I also go much deeper into the details of exactly how a reverse mortgage works, including detailed discussions of the fees and costs, how the amount available from a reverse mortgage is determined, (including linking to a reverse mortgage calculator), and what happens at the end of loan. I also discuss how to get a reverse mortgage to purchase a new/used home.