Bingo Reverse Mortgage » Uncategorized https://www.bingoreversemortgage.com Mortgage Tue, 10 Mar 2026 15:37:50 +0000 en-US hourly 1 http://wordpress.org/?v=4.1 Meet one of Bingo’s Owners- Holly! https://www.bingoreversemortgage.com/meet-one-of-bingos-owners-holly/ https://www.bingoreversemortgage.com/meet-one-of-bingos-owners-holly/#comments Fri, 18 Nov 2022 23:27:56 +0000 https://www.bingoreversemortgage.com?p=6304 Tell us about yourself! 

I love my family, God and friends. There is nothing in life that means more than those around you. My husband and 4 kids are the best things to ever happen to me and my faith is my rock in the ups and downs in life. We love sailing, traveling, camping, four-wheeling, and anything to just spend time together.

What made you want to start Bingo?  

I love small businesses and work teams that are like family and that is what we have here at Bingo. We care about each and every client and I love helping people stay in their homes and elevate financial stress, especially during this recession we are in. Our team at Bingo is dedicated to helping others and having fun while doing it!

Why Reverse Mortgage?  

My grandma had a reverse mortgage and it allowed her to stay in the comfort of her home for many years. Each day I meet our clients and the reverse mortgage takes such a weight off their shoulders! One lady was able to not worry about paying for medicine, and one couple stayed in a custom home they built that they otherwise would have had to sell. The reverse mortgage is such an amazing tool that can help people in many different ways.

 

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]]> https://www.bingoreversemortgage.com/meet-one-of-bingos-owners-holly/feed/ 0 Combat Inflation with Reverse Mortgage https://www.bingoreversemortgage.com/combat-inflation-with-reverse-mortgage/ https://www.bingoreversemortgage.com/combat-inflation-with-reverse-mortgage/#comments Fri, 11 Nov 2022 20:55:25 +0000 https://www.bingoreversemortgage.com?p=6280 As inflation grows, many retirees worry about their purchasing power

Financial experts recommend retirees consider a reverse mortgage for inflation protection

Opening a reverse mortgage line of credit early and allowing it grow

With inflation up could reverse mortgage be your ace in the hole?

reverse mortgage

How reverse mortgage can help YOU combat inflation: 

  • Turn off monthly mortgage payments
  • Access your home’s equity
  • Get a lump sum of cash or monthly payments in your pockets!

 

Call us today to learn more about how we can help you fight inflation!720-542-5545

 

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]]> https://www.bingoreversemortgage.com/combat-inflation-with-reverse-mortgage/feed/ 0 The 5 Most Common Myths of Reverse Mortgage https://www.bingoreversemortgage.com/the-5-most-common-myths-of-reverse-mortgage/ https://www.bingoreversemortgage.com/the-5-most-common-myths-of-reverse-mortgage/#comments Fri, 04 Nov 2022 19:36:48 +0000 https://www.bingoreversemortgage.com?p=6276 Myth #1: “the bank will own my home” 

Fact: Just like any mortgage or equity loan, you continue to own the home, with your name on the title. You must meet your current obligations: keeping current with taxes, homeowners insurance, and maintenance.

Myth #2: “I probably won’t qualify because I already have a mortgage” 

Fact: a majority of people who get a reverse mortgage have a current mortgage and turning off current payments is one of the biggest advantages of having a reverse mortgage.

Myth #3: “I won’t be able to leave the home to my heirs”

Fact: Your heirs will still inherit the home. Just like a regular mortgage, they pay back the loan balance if they want to keep the home. They can also choose to sell the home and they will receive any remaining equity.

Myth #4: “Reverse mortgages are designed to take advantage of retirees” 

Fact: Reverse mortgages are specifically designed to help retirees. The ability to access home equity can provide a greater sense of security and more financial flexibility. The industry is also highly regulated: any lender offering reverse mortgage must follow strict guidelines and regulations that are in place to protect borrowers.

Myth #5: “A reverse mortgage should only be used as a last resort”

Fact: Many savvy homeowners use reversed mortgage strategically. For example, as a safety net in case of emergencies. In recent years, there have been a number of product advances that have made reverse mortgages attractive, and academic researchers at respected universities have developed effective strategies for using a reverse mortgage as part of an overall retirement plan.

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