Your Hometown Reverse Mortgage Consultant based in The Greater Denver Area, CO
Your Hometown Reverse Mortgage Consultant based in The Greater Denver Area,
CO
Licensed in Colorado and Washington
Lauren Cabe
Your Hometown Reverse Mortgage Consultant based in The Greater Denver Area, CO
Your Hometown Reverse Mortgage Consultant based in The Greater Denver Area,
CO
Licensed in Colorado and Washington
I’m proud to work with a company focused on one thing: educating seniors about reverse mortgages to help them unlock the power of their homes and live a more comfortable retirement.
Your Starting Point to Reverse Mortgages
COMMON MISCONCEPTIONS
MYTH: Taxes have to be paid on money received from a reverse mortgage.
Nope! Proceeds from a reverse mortgage are not considered income, and are therefore not taxable. The money from a reverse mortgage comes from your home’s equity, which already belongs to you, so it’s not considered income. Plus, the interest on a reverse mortgage can be tax-deductible when it’s repaid.
MYTH: Your heirs can’t inherit the home with a reverse mortgage.
Nope! You will still be able to pass the home on to your kids. Just like any other mortgage, they can inherit the house. When the loan becomes due, they can decide how to repay the loan balance.
MYTH: Reverse mortgages should only be used as a last resort.
That’s incorrect! A reverse mortgage is a powerful financial tool that can be an important part of your overall financial plan. From paying off an existing mortgage to delaying Social Security benefits, or even establishing an emergency line of credit, it’s a flexible product that gives you options.
MYTH: A reverse mortgage interferes with Social Security and Medicare benefits.
False! Government entitled programs such as Social Security and Medicare are not affected by a reverse mortgage – however, need-based programs such as Medicaid may be. Consult a qualified financial advisor to learn more.
MYTH: Reverse mortgages are expensive.
Here’s the truth – reverse mortgage loan origination costs and interest rates are comparable to those of traditional mortgages. They do not require large out-of-pocket expenses. There are FHA insurance costs that some traditional mortgages don’t require, but the insurance benefits are well worth the relatively small cost.
MYTH: With a reverse mortgage, the bank takes your home.
That’s false! With a reverse mortgage, the homeowner keeps the title to the home in their name. The lender simply adds a lien onto the title to guarantee that the money will eventually be paid back when the loan becomes due.
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How it Works
For many Americans, their home is their biggest asset, and the one they have invested the most in throughout their lives. And a Home Equity Conversion Mortgage (HECM), or "reverse mortgage," can allow senior homeowners to tap into some of this hard-earned home equity – for another source of cash to help fund retirement, counteract the effects of inflation, and live more comfortably.
Let’s Get Social
Older homeowners often face the big question: Stay in their current home or move to a new one? 🏡 Join us for an informative webinar where we’ll explore how reverse mortgages can offer your clients the flexibility to: ✔️ Boost purchasing power to afford their dream retirement home ✔️ Fund home modifications to age in place ✔️ Cover healthcare costs and senior care services with peace of mind 📅 Date: Tuesday, February 25, 2025 ⏰ Time: 12:00 - 1:00 PM PT 📲 Register now: lbfreverse.co/Roadshow_Feb25 Don’t miss this chance to help your clients plan for their future!
📝 FAQ: “How do I apply for a reverse mortgage?” The first step in this journey can be taken right from the comfort of your own home, simply by calling Longbridge Financial. We’ll help you navigate the reverse mortgage solutions available to you so that you can decide which one best meets your unique circumstances. From there, you’ll work with us to complete the application with your personal and home details and then attend a mandatory counseling session with an independent HUD-approved counselor to ensure you understand all aspects of the loan. Learn more about the application process in our blog: https://longbridge-financial.com/blog/reverse-mortgages/the-reverse-mortgage-application-process/?agent=1 #Longbridge #LongbridgeFinancial #FAQ #HomeLoans #ReverseMortgage #HomeEquity
🔧 FAQ: “What if my home needs repairs in order to get a reverse mortgage?” Don’t worry! If your home needs repairs to meet reverse mortgage requirements, you can often set aside part of the loan proceeds to cover these repairs. You’ll need to complete the repairs by a specific deadline, but you can still get the reverse mortgage and ensure your home is in good shape at the same time. A win-win! Find out more about using a reverse mortgage to fund home repairs and improvements in our blog: https://longbridge-financial.com/blog/reverse-mortgages/using-a-reverse-mortgage-to-fund-home-improvement-projects/?agent=1 #Longbridge #LongbridgeFinancial #FAQ #HomeMaintenance #ReverseMortgage #HomeEquity
🏡FAQ: “How much home equity do I need for a reverse mortgage?” Generally, you should have at least 50% equity in your home’s value to qualify. The more equity you have, the more funds you could receive from a reverse mortgage. This can be a great way to supplement your retirement income, cover healthcare expenses, or make home improvements. Learn more in our blog: https://longbridge-financial.com/blog/reverse-mortgages/borrower-responsibilities-eligibilities/?agent=1 #Longbridge #LongbridgeFinancial #FAQ #HomeEquity #RetirementPlanning #HomeEquity
🎓 Financial Professionals Earn CE Credit 🎓 Navigating today’s real estate market can be daunting for your older clients. Reverse mortgage for purchase financing might be the key they need to unlock better housing options. Join Longbridge Purchase & Builder Sales Leader, Rob Cooper, for a complimentary CE webinar and discover how this financial tool can benefit your older clients. Attendee will learn: ✅ Insights on reverse for purchase financing vs. traditional financing ✅ Benefits including seller concessions and non-recourse features ✅ Ways to enhance liquidity and safeguard portfolios while buying a new home ✅ Why older buyers prefer this method to increase their housing choices REGISTER NOW >> https://attendee.gotowebinar.com/register/7474977467528490586?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #reversemortgage #homefinancing #reverseforpurchase
🔒FAQ: “Will my spouse still be protected if I’m the only borrower on a reverse mortgage?” Yes, eligible non-borrowing spouses have robust protections! If your spouse is younger than 62 and not on the reverse mortgage, they can still remain in the home after you pass away. They won’t need to repay the loan immediately as long as they keep up with loan terms like maintaining the home and paying property taxes and insurance. This ensures they have a secure place to live. Discover more details in our blog: https://longbridge-financial.com/blog/reverse-mortgages/ask-the-pros-reverse-mortgage-qualifications/?agent=1 #Longbridge #LongbridgeFinancial #FAQ #FinancialSecurity #ReverseMortgage #HomeEquity
Older homeowners often face the big question: Stay in their current home or move to a new one? 🏡 Join us for an informative webinar where we’ll explore how reverse mortgages can offer your clients the flexibility to: ✔️ Boost purchasing power to afford their dream retirement home ✔️ Fund home modifications to age in place ✔️ Cover healthcare costs and senior care services with peace of mind 📅 Date: Tuesday, February 25, 2025 ⏰ Time: 12:00 - 1:00 PM PT 📲 Register now: lbfreverse.co/Roadshow_Feb25 Don’t miss this chance to help your clients plan for their future!
📝 FAQ: “How do I apply for a reverse mortgage?” The first step in this journey can be taken right from the comfort of your own home, simply by calling Longbridge Financial. We’ll help you navigate the reverse mortgage solutions available to you so that you can decide which one best meets your unique circumstances. From there, you’ll work with us to complete the application with your personal and home details and then attend a mandatory counseling session with an independent HUD-approved counselor to ensure you understand all aspects of the loan. Learn more about the application process in our blog: https://longbridge-financial.com/blog/reverse-mortgages/the-reverse-mortgage-application-process/?agent=1 #Longbridge #LongbridgeFinancial #FAQ #HomeLoans #ReverseMortgage #HomeEquity
🔧 FAQ: “What if my home needs repairs in order to get a reverse mortgage?” Don’t worry! If your home needs repairs to meet reverse mortgage requirements, you can often set aside part of the loan proceeds to cover these repairs. You’ll need to complete the repairs by a specific deadline, but you can still get the reverse mortgage and ensure your home is in good shape at the same time. A win-win! Find out more about using a reverse mortgage to fund home repairs and improvements in our blog: https://longbridge-financial.com/blog/reverse-mortgages/using-a-reverse-mortgage-to-fund-home-improvement-projects/?agent=1 #Longbridge #LongbridgeFinancial #FAQ #HomeMaintenance #ReverseMortgage #HomeEquity
🏡FAQ: “How much home equity do I need for a reverse mortgage?” Generally, you should have at least 50% equity in your home’s value to qualify. The more equity you have, the more funds you could receive from a reverse mortgage. This can be a great way to supplement your retirement income, cover healthcare expenses, or make home improvements. Learn more in our blog: https://longbridge-financial.com/blog/reverse-mortgages/borrower-responsibilities-eligibilities/?agent=1 #Longbridge #LongbridgeFinancial #FAQ #HomeEquity #RetirementPlanning #HomeEquity
🎓 Financial Professionals Earn CE Credit 🎓 Navigating today’s real estate market can be daunting for your older clients. Reverse mortgage for purchase financing might be the key they need to unlock better housing options. Join Longbridge Purchase & Builder Sales Leader, Rob Cooper, for a complimentary CE webinar and discover how this financial tool can benefit your older clients. Attendee will learn: ✅ Insights on reverse for purchase financing vs. traditional financing ✅ Benefits including seller concessions and non-recourse features ✅ Ways to enhance liquidity and safeguard portfolios while buying a new home ✅ Why older buyers prefer this method to increase their housing choices REGISTER NOW >> https://attendee.gotowebinar.com/register/7474977467528490586?source=LoanOfficer #Longbridge #LongbridgeFinancial #webinar #FinancialProfessional #CEcredit #financialplanning #reversemortgage #homefinancing #reverseforpurchase
🔒FAQ: “Will my spouse still be protected if I’m the only borrower on a reverse mortgage?” Yes, eligible non-borrowing spouses have robust protections! If your spouse is younger than 62 and not on the reverse mortgage, they can still remain in the home after you pass away. They won’t need to repay the loan immediately as long as they keep up with loan terms like maintaining the home and paying property taxes and insurance. This ensures they have a secure place to live. Discover more details in our blog: https://longbridge-financial.com/blog/reverse-mortgages/ask-the-pros-reverse-mortgage-qualifications/?agent=1 #Longbridge #LongbridgeFinancial #FAQ #FinancialSecurity #ReverseMortgage #HomeEquity
About Me
Hello, I am your local Reverse Mortgage Professional. I am honored to be working with the senior community. I have several years of experience in the reverse mortgage space, focusing on Home Equity Conversion Mortgages. I am committed to helping seniors find better retirement solutions and am excited to bring my honesty, compassion and education to senior homeowners. I bring an in-depth understanding of the reverse mortgage process and how the loan works.
Branch address: 61 S. Paramus Rd., Suite #500, Paramus, NJ 07652, Branch NMLS# 957935, Phone # 949-403-7959