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Your Untapped Asset

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Customize Your Retirement Accessing your home equity as a measure of flexibility and another source of retirement income can be part of a customized retirement plan. In retirement, it’s critical to make the most of every resource available and an often-untapped asset is one’s home equity. When it comes to retirement, no two plans are…

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HECM for Purchase

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Use a Reverse Mortgage to Buy a New Home A HECM for Purchase is a transaction where a Reverse Mortgage is used to finance the purchase of a Primary Residence for borrowers who are at least 62 years of age and want to purchase without having to make a monthly mortgage (Principal & Interest) payment.…

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Parents Need Options?

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Walk With Your Parents Through A Reverse Mortgage The vast majority of older Americans have their wealth tied up in their home equity. If your parents struggle to pay monthly bills or cover healthcare expenses, then tapping into that equity may be a great solution. A reverse mortgage is a financial tool that allows them…

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House Paid Off?

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Rethinking The Equity In Your Home Most people think since their home is paid off a Reverse Mortgage isn’t for them. That isn’t always the case. You can use your home’s equity as a tool in your retirement toolbelt. Line of Credit grows an average of 0.5% per year. An average savings account grows 0.005%…

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Ready to Refi?

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Get More Cash Out of Your Home The things you can do with a cash-out refinance are all good! Pay off high-interest debt Renovate your home Create a college fund Take a dream vacation Call us today at 720.541.5545 to learn how to take advantage of low interest rates, even with little or no equity…

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Welcome

Welcome to Bingo Reverse Mortgage! Please check back for future articles and information.

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CONTACT INFO

19751 Mainstreet
Suite R10
Parker, CO 80138

Arizona Branch
2675 W SR89A #1158
Sedona, Az 86336

LICENSING

Company NMLS ID: 2268418
Mortgage Loan Originator NMLS ID: 2216012

Equal Housing Opportunity

If you qualify and your loan is approved, a HECM loan must pay off your existing mortgage(s). With a HECM, no monthly mortgage payment is required. Borrowers are responsible for paying property taxes and homeowner’s insurance (which may be substantial). We do not establish an escrow account for disbursements of these payments. Borrowers must also occupy home as primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan must be paid off when the last borrower, or eligible nonborrowing surviving spouse, dies, sells the home, permanently moves out, or does not comply with the loan terms. A HECM increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan). These materials are not from HUD or FHA and were not approved by HUD or a government agency.