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 their most valuable asset — not just financially, but emotionally as well. After decades of building equity, paying down a mortgage, and creating a life within those walls, homeowners often find themselves “house rich but cash limited” in retirement.
Reverse mortgages offer a way to access that built-up equity without selling the home or taking on monthly mortgage payments. Nathan Johnson, a trusted Reverse Mortgage Advisor in Colorado Springs, helps seniors and their families understand how this financial tool can support a more comfortable and secure retirement.
A reverse mortgage is a type of loan available to homeowners aged 62 and older that allows them to convert a portion of their home equity into cash.
This option can provide financial flexibility while allowing seniors to age in place.
Colorado Springs has seen significant home value growth in recent years, making reverse mortgages an increasingly attractive option for local seniors.
Many homeowners are using reverse mortgages to:
For seniors living on fixed incomes, this can be a powerful financial solution.
Every homeowner’s situation is different, which is why Nathan Johnson takes a personalized, education-first approach when working with clients.
Nathan Johnson shares:
“A reverse mortgage isn’t the right solution for everyone, but for the right person, it can create financial stability and peace of mind. My role is to educate and guide — not pressure.”
Reverse mortgages are often misunderstood, which can make some seniors hesitant to explore the option.
Myth: The bank takes ownership of your home
Reality: You remain the homeowner as long as you meet loan requirements
Myth: You can lose your home easily
Reality: As long as property taxes, insurance, and maintenance are maintained, you can stay in your home
Myth: Reverse mortgages are only for people in financial distress
Reality: Many financially stable seniors use them as part of a strategic retirement plan
Understanding the facts helps seniors make confident decisions.
Aging in place is a priority for many seniors in Colorado Springs. Reverse mortgages can make this possible by providing funds for:
This financial flexibility allows seniors to remain in the homes they love while adapting to changing needs.
Reverse mortgages are not one-size-fits-all. They offer several payout options to meet different financial needs.
Nathan Johnson helps clients choose the option that best aligns with their goals and lifestyle.
Reverse mortgage decisions often involve family members, and open communication is essential.
This approach helps families feel informed and confident.
A reverse mortgage can be a valuable tool, but it’s important to determine if it fits your specific situation.
Consulting with a knowledgeable advisor like Nathan Johnson can help you evaluate your options.
Choosing the right advisor is just as important as choosing the right financial solution. Nathan Johnson stands out because of his:
He helps seniors make informed decisions that support their financial goals.
If you’re exploring ways to enhance your retirement income or stay comfortably in your home, a reverse mortgage may be worth considering.
Nathan Johnson is here to guide you through the process with clarity and care.
👉 Visit his Seniors Blue Book listing to learn more and schedule a consultation today.
Yes, you remain the homeowner as long as you meet the loan requirements.
No, reverse mortgages do not require monthly mortgage payments.
The loan is typically repaid through the sale of the home.
Yes, funds can be used for a variety of expenses, including healthcare and home improvements.
When properly understood and managed, it is a regulated and legitimate financial option.
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