Many homeowners have found that a reverse mortgage loan is a great way for them to take advantage of the equity they have built up in their homes.
Alliance Guaranty Mortgage is proud to be a leader when it comes to reverse mortgages. In the late 1990’s Alliance was first in line to offer this amazing loan to Colorado homeowners over the age of 62 who needed the help no local bank could provide. Seniors joined us in celebrating this federally insured loan which allowed them to remain in their home without ever having to make another mortgage payment (except for tax and insurance), and many received cash, to boot! To find out how much you can receive call (303)785-2800 today.
There are a couple factors which determine if you qualify and how much cash you can get, and Alliance Guaranty was and still is so proud to be able to help seniors get the most out of their home! A whole lot has changed since then, but Alliance Guaranty has remained a constant. Senior homeowners today can continue to celebrate with us as we continue to offer unmatched support and guidance through the entire reverse mortgage process. Call us today to learn how you can be a part of this celebration, (303)785-2800.
A reverse mortgage loan is different than a traditional mortgage. With a traditional mortgage loan you make monthly mortgage payments, but with a reverse mortgage loan the lender pays you money through monthly installments, a one-time lump sum payment, a line of credit or a combination of a line of credit and monthly installments. The money that you receive is dependent on your age, the value of your home and the current interest rate.
One of the great advantages of a reverse mortgage loan is that you are not required to pay the loan back until the home is no longer your primary residence or you fail to maintain the home, or fail to pay property taxes and/or homeowner's insurance or do not otherwise comply with the terms of the loan. For more information on when a reverse mortgage loan comes due click the following link: What about Repaying a Reverse Mortgage Loan.
If you’re aged 62 or older and own your home you might be eligible for a reverse mortgage loan. Contact us to find out more about reverse mortgage loans and ways to make it work for you, or apply now and start the process of tapping the equity in your home.
Alliance Guaranty Mortgage is an old-fashioned diamond in the modern day rough. When most businesses today resort to automation they forget that customer service is best served with a live breathing human being. You can count on us to be here for you. Sure, we have automated systems to handle all the computations, and other mechanics, but when it comes to service and communication we prefer to let the humans handle it. Would you like to meet our humans Put on the coffee, and we’ll bring the donuts!
These materials are not from HUD or FHA and were not approved by HUD or a government agency.