• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Grand County Real Estate

| Colorado RE/MAX Red

  • Search Properties
    • Featured Properties
    • Explore Local Areas
  • Communities
    • Granby
      • Grand Meadows
      • Cabin Village
      • Condo / Townhomes Developments
    • Grand Lake
    • Hot Sulphur Springs / Parshall
      • Aspen Canyon
      • Copper Creek
    • Kremmling
      • Big Horn Park
      • Blue Valley Acres
      • Gore Lakes
      • Old Park
      • Rabbit Ears Village
      • Spring Creek Ranch
    • Winter Park / Fraser / Tabernash
  • Buyers Resources
    • Mortgage Calculator
    • Historical Sales Data
    • Manufactured vs. Modular
    • Local Vendors
  • Sell My Property
    • Sold Properties
    • What’s My Home Worth?
    • Preparing Your Home for Sale
    • Seller’s Road Map
    • Historical Sales Data
    • Manufactured vs. Modular
    • Local Vendors
  • About Rebecca
    • Blog
    • Testimonials and Reviews
  • Contact

Reverse Mortgage

September 8, 2017 by Rebecca Guthrie

Real Estate 101: By the agent who lives here, plays here, owns here!

Are you 62 or older? Want to get rid of your mortgage? A reserve mortgage can help you pay off your house OR buy a new house. For instance, if you live in a home that is valued at $200,000, you owe $75,000, you can qualify for a reverse mortgage, payoff your existing loan and walk with $45,000! OR, you can sell your home ($200,000), take the $125,000 as a down payment on a new $300,000 home with NO MORTGAGE! These products are intended to assist seniors in relocating to a low maintenance property, smaller acreage, townhome, etc., whatever may make your life more comfortable! At the end of the loan, if your property is worth less than the mortgage HUD takes title, if there is equity your estate inherits the difference! These are truly amazing loans that can help upgrade / update your current household, while having a positive impact on your monthly net income. Below is a link to the HUD website, as always we are here to answer any questions!
http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hecm/rmtopten
We are excited to provide for you this weekly column. Please call if you have any questions or would like more information:
Rebecca Guthrie, Broker / Owner (970) 485-4141, [email protected]

Filed Under: Uncategorized

Footer

Grand County Real Estate

RE/MAX RED
404 Park Ave / P.O. Box 496
Kremmling, CO 80459
Phone: 970-485-4141

Follow Us

  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest

CONTACT REBECCA


Sorry we are experiencing system issues. Please try again.
  • Search Properties
  • Communities
  • Buyers Resources
  • Sell My Property
  • About Rebecca
  • Contact

Copyright © 2023 Grand County Real Estate | All Rights Reserved
Made With ⚡ By imFORZA
Equal Housing Opportunity Logo
"All information deemed reliable, but not guaranteed and subject to change without notice."