Your road to financial freedom starts now!
Call us Today!
Your road to financial freedom starts now!
Call us Today!
Sam Stroup, Reverse Mortgage Loan Officer
Sam Stroup
Sam Stroup (NMLS #1697823) is a Certified Reverse Mortgage Planner, and Certified Financial Educator.
Being a Reverse Mortgage Specialist, Sam has a singular focus of helping Colorado area Seniors find financial solutions. Sam's offers a no-cost, no-obligation and no-pressure sales approach to working with his clients. His goal is to educate you on the pros and cons on a Reverse Mortgage, see if you would benefit and qualify for a Reverse Mortgage and then gets to work on securing your funds so you can gt back to enjoying life.
Call or email Sam to start your Reverse Mortgage journey!
303-898-0737
Reverse Mortgages for Seniors
About Us
Headquartered in Denver, we are a highly-selected team of Reverse Mortgage Specialists that have come together with a singular mission... help you secure a Reverse Mortgage to get the much needed funds you so desperately need.
Call us Today at 720-468-0010 or complete the "Contact Us" form at the bottom of the page and we will call you.
What is a Reverse Mortgage?
A specially designed loan for homeowners aged 62 and above. Also known as a Home Equity Conversion Mortgage (HECM)
that allows the homeowner(s) to convert a portion of their home’s equity into cash without having to sell the home or make regular monthly mortgage payments.
Note: Borrower must occupy home as primary residence and remain current on property taxes, homeowner’s insurance, the costs of home maintenance, and any HOA fees.
a Reverse Mortgage CAN HELP YOU if...
- You own your home free and clear
- You have a mortgage payment
- Want to age-in-place in your home
- You are 62 years or older
- Struggling to make ends meet
- Choosing between food or medicine
- Putting off medical care due to lack of funds
- About to lose your home
- Wanting to enjoy life
Key Benefits of a Reverse Mortgage
- Eliminates your monthly mortgage payment and puts that money back in your pocket
- Money is tax free
- Reverse Mortgage loan limits up to $4 million
- Enjoy living in your home while you “age-in-place”
- A Reverse Mortgage credit line can never be reduced
- Never have to repay more than you home is worth
- Insured by the FHA
Q & A, It's Your Money
- Are there limitations on how I use the money from a Reverse Mortgage?
- No, you can use the money any way you like
- How is the money given to me?
- Option 1) A one-time, tax-free payment (or) Steady, tax-free monthly payments
- Option 2) Established as a line of credit to use as a “safety net” for future or emergency use (or)
- Option 3) A combination of options 1 & 2
- Do I have to pay the loan back?
- Yes, once the last borrower is done living in the home
AVOID Common Reverse Mortgage Blunders
What is crucial to know about the ins and outs of a Reverse Mortgage... your lack of knowledge could be costly.
Understanding the 'Safe Harbor' under current taxation laws, that pertain to a Reverse Mortgage.
Avoid these common mistakes that up to 80% of retirees don't know about using a Reverse Mortgage.
✔️ Failing to 'lock down' the value of your home at today's prices.
✔️ Unfamiliarity of the tax benefits regarding a Reverse Mortgage.
✔️ The first time ever, the ability to control your own mortgage.
✔️ No longer having to make the difficult choice between making the house payment, or buying medicine, or buying food, or paying bills.
✔️ Not knowing the secret to converting your home equity into a tax free income stream.
✔️ Understanding the Truths vs. Myths about a Reverse Mortgage.
✔️ Not coordinating your Reverse Mortgage into your financial PLAN with your Financial Advisor.
✔️ Understanding who doesn't really need or can qualify for a Reverse Mortgage.
✔️ Not getting a second opinion and having a PLAN that can possibly give you guaranteed income for life!