Reverse Mortgages Near You - Louisville Reverse Mortgage Lender
Meet Laura Phillips
Laura Phillips
Retirement Mortgage Specialist
NMLS #281098
(866) 945-1655
Find the best reverse mortgage deals in Louisville, Colorado.
Laura Phillips and Mac5 Mortgage Inc are one of Louisville’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 Louisville, CO is $1,275,000 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has decreased to 41. It continues to be a seller's market, although somewhat less so.
Already, 2,099 people in and around Louisville have purchased a reverse mortgage with 164 buying one in the last 12 months.
About Louisville, Colorado
Louisville, Colorado, is a picturesque and thriving city nestled in Boulder County, just east of the Rocky Mountains. Known for its small-town charm, vibrant downtown, and strong sense of community, Louisville offers residents a high quality of life in a beautiful Colorado setting. With a population of approximately 20,000 residents, Louisville is a tight-knit community that values sustainability, outdoor recreation, and cultural enrichment.
Louisville's history dates back to its founding in the late 19th century as a coal-mining town. Today, the city's historic downtown area preserves much of its mining heritage, with beautifully restored buildings housing local shops, restaurants, and galleries. The Louisville Historical Museum provides insight into the city's past through exhibits, artifacts, and educational programs.
One of Louisville's standout features is its commitment to sustainability and outdoor recreation. The city is surrounded by miles of scenic trails, parks, and open space, including the popular Coal Creek Trail and Davidson Mesa. Residents and visitors alike can enjoy hiking, biking, picnicking, and wildlife viewing amidst the natural beauty of the area.
Louisville's sense of community is evident in its numerous local events and festivals. The city hosts a variety of community gatherings, concerts, and cultural events throughout the year, including the Louisville Street Faire, the Taste of Louisville, and the annual Labor Day Parade and Fall Festival, which bring residents together for fun and celebration.
Education is a top priority in Louisville, with the Boulder Valley School District serving the city's K-12 students. The city is also home to several private schools and educational programs, providing families with a range of educational options.
As a reverse mortgage loan officer in Louisville, 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 Louisville. Louisville embodies the best of Colorado living, where small-town charm, outdoor recreation, and community spirit come together to create a truly special place to call home.
Contact your Louisville 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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