For more information about the author, click to view their website: Nathan Johnson - Reverse Mortgage Advisor
For many older adults, their home is their largest asset—but also one of the least accessible sources of income. As retirement progresses and financial needs evolve, seniors often look for ways to supplement their income without selling their home or taking on new monthly payments.
In Colorado Springs, reverse mortgages have become an increasingly popular option for homeowners aged 62 and older. Nathan Johnson, a trusted Reverse Mortgage Advisor, helps seniors understand this financial tool and determine whether it’s the right fit for their long-term goals.
A reverse mortgage is a type of loan that allows homeowners to convert a portion of their home equity into cash—without requiring monthly mortgage payments.
Instead of making payments to a lender, the lender pays the homeowner.
Funds can be received in several ways:
The loan is typically repaid when the homeowner sells the home, moves out, or passes away.
Nathan Johnson explains:
“A reverse mortgage isn’t the right solution for everyone—but for the right homeowner, it can provide financial flexibility and peace of mind during retirement.”
To be eligible, borrowers generally must:
The home must also meet certain property requirements.
Understanding eligibility is the first step in determining whether this option is viable.
Reverse mortgages can be a helpful solution for seniors who:
By accessing home equity, seniors can improve cash flow without selling their property.
Homeowners use reverse mortgage proceeds in a variety of ways, including:
This flexibility allows seniors to use funds in a way that best suits their needs.
Reverse mortgages are often misunderstood, leading to hesitation or confusion.
Some common myths include:
In reality, homeowners retain ownership of their property.
As long as loan requirements are met (such as paying property taxes and insurance), homeowners can remain in their home.
Many financially stable seniors use reverse mortgages as part of a broader retirement strategy.
Nathan Johnson emphasizes:
“Education is key. When people understand how reverse mortgages actually work, they can make informed decisions without fear or confusion.”
Colorado Springs has seen significant growth in home values over the years, meaning many seniors have built substantial equity in their homes.
This makes reverse mortgages particularly relevant in the area.
Local homeowners may benefit from:
Reverse mortgages can help seniors take advantage of these factors while staying in the community they love.
While reverse mortgages offer many benefits, they are not the right choice for everyone.
Factors to consider include:
Working with a knowledgeable advisor ensures that all aspects are carefully evaluated.
Reverse mortgages involve complex financial decisions, and expert guidance is essential.
Nathan Johnson provides:
This support helps seniors make confident, informed decisions.
A reverse mortgage can be a powerful tool—but only when used correctly.
With the right strategy, seniors can:
The key is understanding how it fits into your overall financial plan.
It may be time to consider this option if:
Starting the conversation early allows for better planning.
Retirement should be a time of comfort and stability—not financial stress.
With the right tools and guidance, seniors can:
Nathan Johnson helps make that possible.
If you’re curious about how a reverse mortgage could support your retirement goals, expert guidance is just a step away.
👉 Visit Nathan Johnson’s Seniors Blue Book listing to connect and explore whether a reverse mortgage is right for you.
1. Do I still own my home with a reverse mortgage?
Yes, homeowners retain ownership as long as loan requirements are met.
2. Are monthly payments required?
No, borrowers are not required to make monthly mortgage payments.
3. What happens to the loan after I move or pass away?
The loan is repaid through the sale of the home or other means.
4. Can I lose my home with a reverse mortgage?
As long as you meet obligations like taxes and insurance, you can remain in your home.
5. Is a reverse mortgage right for everyone?
No, it depends on individual financial goals and circumstances.
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