Ryan M Nash Home Loans Elevation Mortgage
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Reverse Mortgage


A Reverse Mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The loan requires no monthly payments and you do keep ownership of the property. The equity that you built up over years of making mortgage payments can be paid to you. However, unlike a traditional mortgage, you do not have to repay the loan until you no longer use the home as your principal residence or fail to meet the obligations of the mortgage. 
A Reverse Mortgage can provide seniors with money to do the things they want to do, whether it’s help pay for college, travel, or make in home care affordable so they can stay in their home.
Special investment and non-agency home loans 

We offer a variety of investment loans, as well as, loan products for anyone who might have a hard time qualifying through Fannie Mae or FHA loan guidelines. Anything from primary residence to commercial properties, fix and flips or rental properties.

Some of these programs offer a lot of flexibility  to the borrower. 
  • Bank Statement qualification
  • Stated Income with verified assets
  • Self employed borrowers
  • Recent bankruptcies, short sales or foreclosures
Colorado Springs Reverse Mortgage
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​​(719) 629-7401
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​5 Reasons Why a Reverse Mortgage Makes Sense


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1. It Is Very Regulated
No longer are home lender scam artists able to get away with taking advantages of seniors. Yes, there are still some bad operators out there, but if you go with a reputable firm or brokerage, you are likely to well taken care of.

2. It Is a Great Source of Equity
Your home has been a form of forced savings for years, and its likely one of the largest and best untapped resources for generating more cash flow. I can look at your financial picture and figure out just exactly what kind of mortgage makes sense.

3. You Can Stay in Your Home
A reverse mortgage is a fantastic way to get extra cash flow, without sacrificing your house. You can borrow against the value of your house, and stay there for the duration of the loan.

4. The Loans Are Insured by the Federal Government
If you go with a HECM reverse mortgage, there are some major benefits. The HECM is the only type of reverse mortgage that’s insured by the federal government. Because the federal government insures these loans, they also "approve" certain lenders to make sure that anyone looking for an HECM reverse mortgage is not taken advantage of - maxing out the value of an HECM's at $625,000.

5. Higher Quality of Life
There's a reason that over 600,000 reverse mortgages were issued between 1990 and 2010 (according to the AARP). It’s a fact of life that retirement can’t happen without money. Reverse mortgages are sometimes the only viable option, that not many people are aware of.
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License:

​NMLS #1493480
Company NMLS #2179191
Ryan M. Nash Home Loans​
Elevation Mortgage
Financed by Xpert Home Lending Inc.
7 E Bijou St Suite 217
Colorado Springs, CO 80903
Phone: ​(719) 629-7401
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  • Home
    • About | Ryan M Nash Home Loans
  • Mortgage Information
    • Home Loan Do's and Dont's >
      • First Time Home Buyers
      • Buying A Vacation Home
    • Credit >
      • How To Increase Your Score
    • Getting Pre-Qualified
  • Loan Options
    • Conventional Loans
    • FHA Loans
    • Jumbo Loans
    • VA Loans
    • Refinance Options >
      • Lower Your Payment
      • Pay Off Your Mortgage Faster
      • Debt Consolidation
      • VA Refinance
    • Rehabilitation Loans
    • Reverse Mortgage
    • Fixed vs Adjustable
  • Apply Now
  • Contact Us