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- tuesday: 8:00AM – 5:00PM
- wednesday: 8:00AM – 5:00PM
- thursday: 8:00AM – 5:00PM
- friday: 8:00AM – 5:00PM
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- Reverse Mortgage
Richard Stewart
- Reverse Mortgage Specialist
- Denver, CO Mortgage Loan Officer
- NMLS #1428112
I’ll be with you every step of the way
Hi, my name is Richard, and I’m here to help you achieve your homeownership goals! As a member of our Denver, CO team, I’m proud to offer the expertise and resources of America’s #1 Retail Mortgage Lender to make that happen.
I’m a proud reverse mortgage specialist – for the last ten years, I’ve worked exclusively with reverse mortgages. Nobody wants to spend a retirement worrying about money. I love this product and what it can do for your cash flow, your quality of life, your retirement years, your grandkids – the list goes on.
Together, we’ll go over your reverse mortgage options and discuss the benefits of finding the right program that fulfills your goals. I’ll help you turn your equity into cash, an appreciating line of credit, a monthly payment, or any combination to help you achieve future financial security. Your retirement and financial well-being are in good hands, and I will be delighted to guide you every step of the way!
Guides and resources
Richard’s testimonials
Inspiration for your home loan journey
My social posts
Frequently asked questions
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Refinancing costs typically range from 2% to 6% of the loan amount and include fees such as appraisal, title insurance, and closing costs. Factors like your loan type, location, and credit score can significantly impact these expenses. Our team can help to provide strategies that can help minimize costs.
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To determine how much home you can afford, you’ll want to assess your financial situation. This includes your income, expenses, and debt-to-income ratio, to ensure your mortgage fits comfortably within your budget. A general guideline is to spend no more than 28% of your gross monthly income on housing costs and 36% on total debt.
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A good credit score typically starts at 620 for conventional loans, while FHA and VA loans may accept scores as low as 500, though higher scores offer better terms. A strong credit score can help you secure lower interest rates, saving you significant money over the life of a home loan.
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A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their home. HELOCs function like a credit card, giving access to funds up to a set limit, which can be used for expenses like renovations or debt consolidation. You only pay interest on the amount you borrow, and the repayment terms typically include a draw period followed by a repayment period.
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To calculate your mortgage payments, start with your loan amount, interest rate, and loan term. Your payment will depend on the interest charged over time and the repayment schedule. You can use a monthly mortgage payment calculator or connect with us to learn more.