Reverse Mortgage Loan

Home Values Are Rising—But So Is Inflation.

Did you know you can tap into your home’s equity to supplement your income, pay off high-interest debt, or create a financial safety net—all while deferring your monthly mortgage payments? As long as you continue to pay property taxes, homeowner’s insurance, and maintenance costs (and comply with loan terms), a Reverse Mortgage can provide the financial flexibility you need.

If you’re 62 or older and feeling the strain of rising costs, a Reverse Mortgage allows you to convert a portion of your home equity into cash—giving you the freedom to use it however you choose.

Don’t let financial stress disrupt your retirement plans. Call us today for a free consultation or click the button below to be contacted!

Peak Financial LLC is licensed by the Colorado Division of Real Estate. To check the license status of your mortgage loan originator, visit Colorado Division of Real Estate Licensing Lookup. Peak Financial LLC is an Equal Housing Lender.
These materials are not from HUD or FHA and have not been approved by HUD or any government agency. A reverse mortgage increases the principal mortgage loan amount and decreases home equity (it is a negative amortization loan).
Reverse mortgage terms require:

Occupying the home as your primary residence
Maintaining the home
Paying property taxes and homeowners insurance

Although these costs may be substantial, Peak Financial LLC does not establish an escrow account for these payments. However, a set-aside account for taxes and insurance can be arranged and, in some cases, may be required.

Not all interest on a reverse mortgage is tax-deductible, and any available deduction is deferred until the loan is partially or fully repaid.
Fees & Repayment Terms:

Peak Financial LLC charges an origination fee, mortgage insurance premium (where required by HUD), closing costs, and servicing fees, which are rolled into the loan balance.
Interest accrues on the balance and grows over time.
The loan becomes due and payable when the last borrower (or eligible non-borrowing spouse) dies, sells the home, permanently moves out, or fails to comply with loan terms. At this point, the home may be subject to foreclosure, and borrowers may need to sell the home or repay the loan balance.