RP Mortgage, ltd

01/26/2023

Reverse Mortgages for Senior Citizens and Retired Individual 62+ Years Old

07/11/2022

Don’t forget to get your free Slurpee today !

10/09/2021

Did you know that 3.5% down (with No MI) on a Jumbo loan is possible ?

Let me know if you want to discuss….

06/29/2021

Rates have dropped a bit over the last couple of days. Call if you want some numbers run.

02/05/2021

Mortgage rates are still near or at All time lows. Let me know if you have any questions or want to run some numbers.

Michael
303-547-2544
[email protected]

11/18/2019

Have an FHA loan? Refinance today and get rid of the expensive PMI. Call, email or Message us to learn more!

01/11/2019

Interest rates are down ! If you want to run some numbers, let me know !

12/25/2018

Merry Christmas 🎄🎁

10/16/2018

RP Mortgage does Reverse Mortgages !

A reverse mortgage is a loan for homeowners age 62 and older that provides access to a portion of equity without the burden of monthly mortgage payments. Instead, you have the option to defer repayments until the home is sold, with the loan repaid when you pass away or sell your home. All remaining equity belongs to your heirs.

What it is:
A loan against your home’s equity
A loan with no required monthly mortgage payments
A loan designed to meet the needs of retirees on fixed incomes
Tax-free cash for virtually anything (social security income supplement, long-term care payment, house repairs or even vacations)

What its NOT:
Selling your home to the bank
Relinquishing title or ownership rights
Right for everyone
Some type of Scam

The most common type of reverse mortgage is the Home Equity Conversion Mortgage, or HECM, a program the Federal Housing Administration created in 1988. While a traditional home mortgage requires that you make scheduled monthly payments over a specified term — usually 30 years — reverse mortgage interest is not due until the loan reaches maturity.

A reverse mortgage is not right for everyone. But if you have a good amount of home equity built up, want to continue living in your home as your primary residence (not leaving for a period longer than 12 consecutive months) and can pay your property taxes and insurance, a reverse mortgage can give you newfound financial freedom.

Contact me for all your questions.

Michael Miller
303-547-2544

12/08/2017

http://www.mortgagenewsdaily.com/12082017_fha_loan_limits.asp

Loan limits will be rising in 2018 for loans guaranteed by the FHA. The Department of Housing and Urban Development (HUD) announced on Thursday it was boosting limits for those loans in more than 3,000 counties. This will bring FHA loans in line with those...