Reverse Mortgage

Get a Reverse Mortgage With K2 Lending

Give us a call to find out more!

If you are a senior homeowner, chances are you may have come across an advertisement or two about reverse mortgage loans. As seasoned mortgage lenders, our team at K2 Lending believes in helping clients make a calculated decision by providing them with all the necessary information. If you are not aware of reverse mortgage loans, we suggest reading to familiarize yourself with the concept.

Secured Retirement

If you are a retiree that has a lot of accumulated wealth because of property investments but not low cash savings, then a reverse mortgage loan is a great option to consider. You will find that this type of mortgage helps secure your retirement by allowing you to convert your assets into cash payments that can help cover exceeding expenses during retirement. Your home or property is generally considered an illiquid asset; however, you can quickly get a monthly return with this type of mortgage loan.

Image _Low Down Payments
Image_No Income Limits

Remain Homeowners

One of the primary features of a reverse mortgage is that it allows homeowners to continue living in their homes despite receiving monthly payments. The mortgage prevents liquidating your assets to downsize or relocate to a new destination. This means that as a retiree, you don't have to worry about moving out of your neighborhood anytime soon. For more information about how this phenomenon works, reach out to one of our team members.

Easily Pay Off Existing Loan

Unlike a conventional mortgage, a reverse mortgage loan is designed to help you keep paying off your existing loan with the money you receive. Despite paying towards a home loan, you will still be left with ample funds to help with monthly expenses during your retirement. A conventional loan is a more preferred option for young earners than retirees. Schedule an appointment with our team members to learn more about the difference between these loans.

Image_CHeap Monthly Mortgage
Image_Several Property Options

No Monthly Mortgage Payments

Did you know that in a reverse mortgage loan scenario, payments are made to you? This means that as long as you continue living in the house, you have a reverse mortgage against it, you will not need to pay any monthly premiums. The received funds are paid off when the home gets sold or if you relocate to another place.

A reverse mortgage loan is very different from a traditional mortgage loan. However, it is an excellent option for retirees to get some monthly cash for their expenses. Despite the clear benefits, we recommend weighing the pros and cons of getting a reverse mortgage against all other types of mortgage loans to make a better decision. At K2 Lending, we believe in providing the residents of Denver, Colorado, a holistic picture of mortgage loans before processing any one of them.