Reverse Mortgages Near You - Boulder Reverse Mortgage Lender
Meet Laura Phillips
Laura Phillips
Retirement Mortgage Specialist
NMLS #281098
(866) 945-1655
Find the best reverse mortgage deals in Boulder, Colorado.
Laura Phillips and Mac5 Mortgage Inc are one of Boulder’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.
This week (August 28, 2024) the median list price for Boulder, CO is $1,892,500 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has decreased to 330. It continues to be a seller's market, although somewhat less so.
Already, 1,578 people in and around Boulder have purchased a reverse mortgage with 123 buying one in the last 12 months.
About Boulder, Colorado
Boulder, Colorado, is a picturesque and progressive city nestled at the foothills of the Rocky Mountains. Known for its stunning natural beauty, vibrant arts scene, and outdoor recreation opportunities, Boulder offers residents a unique and dynamic lifestyle. With a population of approximately 100,000 residents, Boulder is a thriving community that embraces sustainability, innovation, and a strong sense of community.
Boulder's history is deeply rooted in its origins as a mining town in the 19th century, followed by its transformation into a center for education and culture in the 20th century. The city's iconic Flatirons rock formations and historic downtown area are reminders of Boulder's rich heritage and natural beauty. Today, Boulder is recognized as a leader in environmental conservation, education, and technology.
One of Boulder's standout features is its stunning natural surroundings. The city is surrounded by thousands of acres of open space, parks, and trails, including the popular Chautauqua Park and Boulder Creek Path. Outdoor enthusiasts can enjoy hiking, mountain biking, rock climbing, and other recreational activities year-round amidst breathtaking mountain vistas and scenic landscapes.
Boulder's vibrant arts and culture scene is evident in its numerous art galleries, theaters, and music venues. The city is home to the renowned Boulder Museum of Contemporary Art, which showcases cutting-edge contemporary art exhibitions and programs. The historic Boulder Theater and Macky Auditorium host a variety of performances, concerts, and cultural events throughout the year.
Boulder's commitment to sustainability and community is reflected in its diverse neighborhoods, local businesses, and community organizations. The city hosts a variety of events and festivals that celebrate its cultural diversity and spirit of innovation, including the Boulder International Film Festival, the Boulder Farmers Market, and the Colorado Shakespeare Festival.
Education is a top priority in Boulder, with the Boulder Valley School District serving the city's K-12 students. The city is also home to the University of Colorado Boulder, a top-ranked research institution known for its academic excellence and innovative programs.
As a reverse mortgage loan officer in Boulder, I am proud to serve the residents of this dynamic and forward-thinking community. Whether you're considering a reverse mortgage to access your home's equity or exploring financial options, I am here to provide expert guidance tailored to the unique opportunities and challenges of living in Boulder. Boulder embodies the best of Colorado living, where natural beauty, culture, and innovation converge to create a truly exceptional place to call home.
Contact your Boulder 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 2024
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