![]() ![]() ![]() We’re your neighbor and want to maintain our good reputation in the community. Frankly, we want you to like us and help build our local reputation! We don’t play a numbers game like the telemarketers and spammers who are “dialing for dollars”. And when you do, we don’t push you or your family into the reverse product. Unfortunately, if you call the phone numbers often seen advertised on TV or in the Yellow Pages, or answer a few innocent “questions” online, you will be overwhelmed with marketing and pressure.Īt Colorado Reverse, our approach is different. And, without telemarketing strangers calling you multiple times that somehow already have your personal information (scary!). ![]() Knowing how much money you can access with your reverse mortgage will make you an educated borrower and help you plan for your future.Ī reverse mortgage is not the best solution for everyone… There aren’t many reverse mortgage companies that will tell you this.Īnother problem you’ll run across is if you just want the numbers! Without the pressure. Now it’s time for you to take advantage of your wise investment. ![]() You’ve worked hard to build the equity in your home. CNN Sans ™ & © 2016 Cable News Network.Reverse Mortgage Calculator Safely calculate how much tax-free cash you can get from your Home – It’s easy with this Reverse Mortgage Calculator! Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account This calculator can help you determine what your monthly payments will be, based on how much money you plan to borrow for your home purchase. And don’t forget to consider additional costs associated with owning a home, such as utilities, taxes, maintenance, which will add to your monthly costs. A middle-ground recommendation says you shouldn’t put more than 28% of your monthly gross income toward your mortgage payment. Other models are more conservative and suggest 25%, in order to keep your debt-to-income ratio lower. Most experts recommend that your monthly mortgage payment should not exceed 35% of your gross income. Each payment includes a portion that goes toward the mortgage principle, and another portion that goes toward interest charged by the lender. A mortgage is a home loan that is usually paid back in fixed amounts over a period of time – typically 15 or 30 years. Looking to buy a home? It’s important to take out a mortgage that you can reasonably afford. Enter your details below to figure out what you might pay each month. Accurately calculating your monthly mortgage payment can be a critical first step when determining your budget. ![]()
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