Reverse Mortgages Near You - Lafayette Reverse Mortgage Lender
Meet Laura Phillips
Laura Phillips
Retirement Mortgage Specialist
NMLS #281098
(866) 945-1655
Find the best reverse mortgage deals in Lafayette, Colorado.
Laura Phillips and Mac5 Mortgage Inc are one of Lafayette’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 Lafayette, CO is $803,150 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has decreased to 66. It continues to be a seller's market, although somewhat less so.
Already, 2,610 people in and around Lafayette have purchased a reverse mortgage with 193 buying one in the last 12 months.
About Lafayette, Colorado
Lafayette, Colorado, is a charming and welcoming city situated in Boulder County, at the foothills of the Rocky Mountains. Known for its small-town charm, outdoor recreational opportunities, and strong sense of community, Lafayette offers residents a peaceful and idyllic lifestyle. With a population of approximately 30,000 residents, Lafayette strikes a perfect balance between modern amenities and natural beauty.
Lafayette's history is rooted in its origins as a coal-mining town in the late 19th century, with the discovery of coal leading to the city's early growth and development. The city's historic downtown area retains much of its old-world charm, with quaint shops, restaurants, and historic buildings lining the streets. Lafayette's rich history is celebrated through various community events and festivals throughout the year.
One of Lafayette's standout features is its stunning natural surroundings. The city is surrounded by open space, parks, and trails, providing residents with ample opportunities for outdoor recreation. Waneka Lake Park and Coal Creek Trail are popular destinations for hiking, biking, picnicking, and enjoying the scenic beauty of the area.
Lafayette's sense of community is evident in its numerous local events and gatherings. The city hosts a variety of festivals, concerts, and cultural events throughout the year, including the Lafayette Peach Festival, the Art Night Out series, and the Lafayette Brew Fest, which bring residents together for fun and celebration.
Education is highly valued in Lafayette, with the Boulder Valley School District serving the city's K-12 students. The city is also home to several private schools and educational institutions, providing families with a range of educational options.
As a reverse mortgage loan officer in Lafayette, I am proud to serve the residents of this vibrant and close-knit 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 Lafayette. Lafayette embodies the best of Colorado living, where small-town charm, natural beauty, and community spirit come together to create a truly special place to call home.
Contact your Lafayette 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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