Reverse Mortgages Near You - Longmont Reverse Mortgage Lender
Meet Laura Phillips
Laura Phillips
Retirement Mortgage Specialist
NMLS #281098
(866) 945-1655
Find the best reverse mortgage deals in Longmont, Colorado.
Laura Phillips and Mac5 Mortgage Inc are one of Longmont’s most respected teams if you are keen to learn about how a reverse mortgage can offer you a brighter future – from Boulder City to Garden City and anywhere in Boulder County.
Laura's mission is to carefully guide her clients through the HECM/reverse loan process to help them make the best financial choices for their next 30 years.
She works with real estate professionals, customers and financial advisers who seek superior service and a knowledgeable consultant to help them navigate home financing.
Laura has 25 years’ experience in the industry and appreciates the sensitivities that come with her calling.
“We’re not just talking about someone’s house, it’s someone’s home and it’s not just the biggest financial commitment a person makes in their life but a significant emotional one as well,” Laura says.
“While most people only think about home financing a few times in a lifetime, I think about it every day, bringing my professionalism, integrity, and knowledge of the mortgage industry to each and every client.”
Laura serves all of Colorado, working with several primary reverse lenders, providing loans to enhance her clients' cash flow, preserving retirement assets or purchasing a home that meets future needs.
She is a wife of more than 35 years, a mother of two amazing daughters and a pet guardian of a rambunctious King Shepherd — a German Shepherd hybrid.
Laura has lived abroad as well as in many states west of the Mississippi but is happy to call Colorado home.
She loves the Centennial State’s diverse lifestyle from fine dining to rugged camping.
And she is passionate about traveling (even if it’s the armchair version), good food and spending time with friends and family.
What is a reverse mortgage?
Dynamic but often misunderstood, a reverse mortgage is a product that homeowners struggling for liquidity simply must consider.
It is ideal for retirees who have equity in their properties but are finding the costs of day to day living challenging.
As long as you are 62 years of age, you can apply for this potentially life-changing loan that puts money back in your pocket, allowing you to continue to live in your family home.
That’s because it generates a brand new income stream by converting your equity into cash.
The result is a vastly improved standard of living and the dispelling of any thoughts about having to downsize to see out your retirement.
Funds can be transferred in a number of different ways including a line of credit, monthly installments, a lump sum or a combination of all three.
As long as the terms of the loan are met, it does not require repayment until either the homeowner sells or the last surviving borrower passes away.
It’s one of the canniest ways homeowners can enjoy their retirement in a way they may no longer have dreamed possible.
House prices have risen significantly in recent times.
In little more than two and a half years, they had climbed 18.8% in Longmont*.
And while there has been a very minor correction of less than 1% over the last 12 months, average prices remain strong at $551,250 (https://www.zillow.com/home-values/32563/longmont-co/)*.
Already, 1,171 people in and around Longmont have purchased a reverse mortgage with 223 buying one in the last 12 months.
About Longmont, Colorado
Longmont was named after nearby Long’s Peak in 1871.
At 14,259 feet, the tallest peak in the Rocky Mountain National Park was named after Major Stephen Long who was the first to spot the mountains for the US Government in 1820.
The discovery of gold in 1858 saw miners and speculators flood the area, disregarding local treaties about land ownership made with the Cheyenne and Arapaho Indians.
Immigrants arrived from Europe, Mexico and Japan in the early part of the 20th century to service Longmont’s growing sugar industry.
The real population explosion though didn’t occur until the 1960s when Longmont’s 11,489 folk more than doubled and almost doubled again in the 70s to reach nearly 43,000 by 1980.
By 2020, the municipality that spans both Boulder and Weld counties had grown to almost 100,000.
Home to Colorado’s first library, Longmont is also a veritable playground for lovers of the outdoors as well as offering plenty for foodies.
You can learn how to make cheese at Haystack Mountain Goat Dairy or sample some of Colorado’s finest beers at the award-winning Oskar Blues Brewery or Left Hand Brewing Company.
Contact your Longmont reverse mortgage lender today.
Laura is standing by to answer any and all of your questions about reverse mortgages.
For a no obligation assessment of your situation, please call Laura on (866) 945-1655. She would love to hear from you!
*As of April 2023
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