Reverse Mortgages Near You - Niwot Reverse Mortgage Lender
Meet Laura Phillips
Laura Phillips
Retirement Mortgage Specialist
NMLS #281098
(866) 945-1655
Find the best reverse mortgage deals in Niwot, Colorado.
Laura Phillips and Mac5 Mortgage Inc are one of Niwot’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.
And while there has been a slight increase of 0.1% over the last 12 months, average prices remain strong at $1,084,335 (https://www.zillow.com/home-values/33124/niwot-co/)*.
Already, 1,082 people in and around Niwot have purchased a reverse mortgage with 103 buying one in the last 12 months.
About Niwot, Colorado
Niwot, Colorado, is a charming and historic town located in Boulder County, nestled between the cities of Boulder and Longmont. Known for its small-town charm, friendly atmosphere, and strong sense of community, Niwot offers residents a peaceful and idyllic lifestyle amidst the natural beauty of the Colorado Front Range. With a population of approximately 5,000 residents, Niwot maintains its small-town character while providing easy access to urban amenities.
Niwot's history dates back to the late 19th century when it was established as a railroad and farming community. The town's historic downtown area features quaint shops, boutiques, and restaurants housed in beautifully preserved historic buildings. Niwot's rich heritage is celebrated through various community events and festivals that honor its agricultural roots and pioneer spirit.
One of Niwot's standout features is its stunning natural surroundings. The town is surrounded by picturesque farmland, open space, and trails, including the popular Niwot Loop Trail and Cottonwood Square Park. Residents can enjoy hiking, biking, picnicking, and wildlife viewing amidst the tranquil beauty of the area.
Niwot's sense of community is evident in its numerous local events and gatherings. The town hosts a variety of community events, concerts, and festivals throughout the year, including the Niwot Jazz Festival, the Niwot Farmers' Market, and the Enchanted Evening celebration, which bring residents together for fun and celebration.
Education is a top priority in Niwot, with the St. Vrain Valley School District serving the town's K-12 students. The town is also home to several highly rated public and private schools, providing families with a range of educational options.
As a reverse mortgage loan officer in Niwot, 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 Niwot. Niwot 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 Niwot 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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