For more information about the author, click to view their website: Nathan Johnson - Reverse Mortgage Advisor
For many seniors in Colorado Springs, their home is more than just a place to live—it’s their largest financial asset. After decades of paying a mortgage, maintaining a property, and building equity, many homeowners find themselves “house-rich but cash-poor” in retirement.
That’s where reverse mortgages come into the conversation.
With the guidance of professionals like Nathan Johnson – Reverse Mortgage Advisor, seniors can explore ways to tap into their home equity while continuing to live in the place they love.
A reverse mortgage is a financial tool that allows homeowners aged 62 and older to convert part of their home’s equity into cash—without having to sell the home or make monthly mortgage payments.
Instead of paying the lender, the lender pays you.
Funds can be received in several ways:
Nathan Johnson explains:
“A reverse mortgage isn’t about giving up your home—it’s about using the value you’ve built to support your retirement and financial goals.”
Colorado Springs has seen steady home value growth over the years, making reverse mortgages an increasingly attractive option for long-term homeowners.
For seniors in the area, this means:
With rising living costs and longer life expectancies, having access to additional funds can make a significant difference.
Every homeowner’s situation is unique, but reverse mortgage proceeds are often used to:
This flexibility allows seniors to align their finances with their lifestyle goals.
Reverse mortgages are often misunderstood. Let’s clear up a few common myths:
Reality: You retain ownership of your home as long as you meet loan obligations.
Reality: As long as you live in the home, pay property taxes, and maintain the property, you can stay.
Reality: Reverse mortgages are non-recourse loans, meaning heirs are not responsible for more than the home’s value.
Understanding these facts helps families make informed decisions.
A reverse mortgage isn’t for everyone—but it can be a powerful tool for the right situation.
It may be a good fit if you:
Working with an experienced advisor like Nathan Johnson ensures you understand all options and implications.
Reverse mortgages involve important financial decisions, and having a knowledgeable advisor is essential.
Nathan Johnson provides:
This ensures that seniors and their families feel confident every step of the way.
One of the biggest advantages of a reverse mortgage is the ability to stay at home while accessing needed funds.
In Colorado Springs, where many seniors value:
…this option allows them to maintain their lifestyle without financial strain.
Reverse mortgages can also play a role in long-term financial planning.
They may help:
When used strategically, they become part of a broader retirement plan.
Retirement should be a time of comfort and enjoyment—not financial stress.
By unlocking home equity, seniors can:
With the right guidance, a reverse mortgage can be a tool for empowerment rather than uncertainty.
If you’re exploring ways to make your retirement finances more flexible, consider learning more about reverse mortgages. Visit the Nathan Johnson – Reverse Mortgage Advisor listing on Seniors Blue Book to schedule a consultation and see if this option is right for you.
1. Do I still own my home with a reverse mortgage?
Yes, you remain the homeowner as long as you meet the loan requirements.
2. Are there monthly payments required?
No monthly mortgage payments are required, but property taxes and insurance must still be paid.
3. What happens when I move or pass away?
The loan is repaid, typically through the sale of the home.
4. Can I lose my home?
Only if loan obligations (like taxes or maintenance) are not met.
5. How do I get started?
Consulting with a reverse mortgage advisor like Nathan Johnson is the best first step.
When an older adult needs help at home and sees several clinicians, a coverage decision can affect everything from prescription refills to rides. If youre considering TRU PACE in Lafayette, start by asking how enrollment would change the care and coverage you already use. How Medicare and Medicaid Fit Into PACEPACE is the Program of All-Inclusive Care for the Elderly. It coordinates healthcare and support for eligible adults who meet a state standard for nursing home-level care and can live safely in the community with PACE support at enrollment. Applicants must also be 55 or older and live in the programs service area. TRU PACE and Your Current CoveragePhone: 303-665-0115Medicare says people with Medicaid pay no monthly PACE premium. Medicare beneficiaries without Medicaid pay premiums for the long-term care portion and Medicare Part D drugs. Medicare also says participants owe no deductible, copayment, or coinsurance for drugs, services, or care approved by their PACE team. Ask TRU PACE for an estimate based on your individual coverage before enrolling. Doctors, Prescriptions, and Existing ServicesTRU PACE says it becomes the participants insurance provider at enrollment. Participants generally receive care through the programs provider network. Bring a list of your doctors, medications, and scheduled services. Ask which providers are in the network and how the team would coordinate any changes. Why This Matters in LafayetteIf you regularly see a clinician near home or have a specialist visit scheduled outside Lafayette, give the enrollment team the names and dates. Ask which appointments can continue and what to do about any refill due around the enrollment date. How to Get Started1. Gather Your Coverage InformationHave your Medicare and Medicaid information, if applicable, along with details of any current plan. List the appointments and prescriptions you rely on most.2. Ask for an Enrollment and Cost ReviewCall TRU PACE and ask for your expected monthly cost, when any coverage change would take effect, and who would help coordinate the transition. Related Seniors Blue Book CategoriesPACE Adult Day Services Care Management
After a death, families may have to make several decisions in a short time. Others prefer to talk through their wishes ahead of time. In either situation, it helps to separate the practical arrangements from the decisions about how to gather, remember, and say goodbye. What Funeral and Mortuary Services CoverA funeral home can help arrange transportation and care of the person who died, assist with paperwork, and coordinate burial or cremation. A family may also arrange a viewing, funeral, memorial, or private gathering. Ask which decisions need to be made immediately and which can wait. The Natural Funeral in LafayettePhone: 720-515-2344The Natural Funeral lists natural burial, flame cremation, water cremation, and terramation, also called natural organic reduction. Water cremation uses an alkaline water process, and terramation transforms remains into soil. If one of these options interests you, ask what the process involves, how long it typically takes, and what the family receives afterward. Planning a Gathering and Reviewing CostsThe Lafayette funeral home is at 102 W Chester Street in Old Town. Ask what can take place at the Lafayette location and which parts would involve another venue or a cemetery. Request a General Price List and a written breakdown of your choices so you can see which fees cover the funeral homes work and which come from outside providers. Why This Matters in LafayetteIf relatives are coming from out of town or some guests have limited mobility, ask about parking, step-free access, and how many people the gathering space can accommodate. If you plan to hold a service and burial at different locations, check how much time guests will need between them. How to Get Started1. Write Down the Persons WishesLook for written instructions and note any cultural or religious preferences. If youre planning ahead, tell a trusted person where you keep your instructions and whom to call.2. Ask for a Written PlanCall 720-515-2344 and ask what is needed on the first call. Once youve discussed options, request the expected timeline and itemized costs before approving arrangements. Related Seniors Blue Book CategoriesCounseling Hospice Advance Care Planning
When an older adult spends most weekdays alone, families may need more than a place for them to go. They may also be juggling transportation, appointments, and help at home. TRU PACE in Lafayette offers a day center as part of a program that coordinates those needs for eligible older adults. What Are Adult Day Services?Adult day services offer daytime support outside the home. Depending on the program, participants may spend time with peers, eat a meal, take part in activities, or receive help with daily needs. Some centers accept people directly. The Lafayette TRU PACE center serves people enrolled in its broader Program of All-Inclusive Care for the Elderly. TRU PACE in LafayettePhone: 303-665-0115TRU PACEs Lafayette center is at 2593 Park Lane. The program coordinates medical and social services and arranges transportation to the day center and medical visits as needed. Ask the enrollment team what a typical center day includes, how often a participant might attend, and how the team decides what support to arrange at home. Who May QualifyPACE applicants must be at least 55, live in the programs service area, meet the states standard for nursing home-level care, and be able to live safely in the community with PACE support at enrollment. Ask how enrollment would affect access to current doctors and prescription coverage before making a decision. Why This Matters in LafayetteWhen family members already drive someone to several appointments a week, a coordinated schedule can change who needs to be available and when. Ask how pickup would work at the persons Lafayette address and who to call if a ride or appointment changes. How to Get Started1. Ask for an Eligibility ReviewCall TRU PACE. Have the participants ZIP code, current coverage, and a short list of the help they need. 2. Ask to Visit the CenterFind out what the participant might do on a center day, how transportation works, and what changes to their current care arrangements enrollment would involve. Related Seniors Blue Book CategoriesCare Management Transportation Respite Care