Coeur d’Alene, Idaho Reverse Mortgage Specialist
Meet Julie Colangelo
Retirement Mortgage Specialist
Find the best reverse mortgage deals in Coeur d’Alene, Idaho.
Julie Colangelo and Arbor Financial Group are one of Coeur d’Alene’s most trusted teams to talk with if you are interested in knowing more about reverse mortgages – from Spokane to Kellogg and across Kootenai County.
Julie is passionate about reverse mortgages and how they can change the lives of seniors for the better.
“The benefits and options available with this program astound me,” Julie declares emphatically.
“If my mother was alive today, she would have a reverse mortgage!” she promises.
Julie’s mission, she says, is to be known by her clients and colleagues as an organized person of undeniable integrity who follows all her dealings through to the very end.
She functions as an advisor rather than a transactional salesperson and as such, her aim is to help all who come into contact with her to enhance their lives through responsible lending practices.
When not working, Julie enjoys spending time with her husband Loren and their two “furry kids”, Oliver and Cooper.
She can usually be found hiking or sailing her beautiful surroundings.
Or if at home, chances are she’ll be reading historical novels or listening to one of her two great but contrasting musical loves, big band jazz music and Pearl Jam!
What is a reverse mortgage?
A reverse mortgage is a wondrous product that can open up a whole new world of possibilities for seniors who find themselves financially challenged.
For those who have equity in their home but are finding the day to day cost of living difficult to manage, it might well be the solution to all of their problems.
If they are at least 62 years of age, a reverse mortgage can put to bed any fears they may have of having to sell their properties to negotiate their retirement.
That’s because it allows them to transform that equity into a brand new income stream, instantly allowing them the financial freedom they need and crave.
It will also allow them to see out their retirement in their own home.
They may even afford the opportunity to enjoy their sunset years with a little pizzazz.
Funds can be transferred in a number of different ways including a line of credit, monthly installments, a lump sum or a combination of all three.
As long as the terms of the loan are met, it does not require repayment until either the homeowner sells or the last surviving borrower passes away.
It’s one of the cleverest ways homeowners can enjoy their retirement with a standard of living they may no longer have dreamed possible.
House prices have risen significantly in recent times.
The value of properties in Coeur d’Alene have enjoyed a period of incredible growth, doubling in value since December, 2016.
And they have climbed 4.2% in the 12 months with average prices reaching $538,571 (https://www.zillow.com/home-values/136166/coeur-dalene-id/)*.
Already, 626 people in and around Coeur d’Alene have purchased a reverse mortgage with 151 buying one in the last 12 months*.
About Coeur d’Alene, Idaho
Coeur d’Alene is the nickname Canadian French traders gave to the local Schitsu’umsh people who traded at Kullyspell House, a local fur outlet established by the Northwest Fur Trading Company.
It means “Heart of an awl” or roughly “pointed heart” which was the name local businessman David Thompson, leader of Northwest, gave to a local tribe.
It is more or less an observation of the trading skills of the tribe’s members.
With a population of around 55,000, Coeur d’Alene is the largest city in the Idaho panhandle, also known as North Idaho.
It is a satellite city of nearby Spokane which lies 30 miles to the west in Washington.
Situated on the 25-mile long Lake Coeur d’Alene, the city is sometimes known as the “Lake City” or even by its initials “CDA”.
Initially populated by miners and prospectors seeking silver and gold in the late 19th century, it was later sustained by timber and logging and more recently by tourism, retail and manufacturing.
The city is a favorite among local golfers and boasts five lush courses including the Coeur d’Alene Resort Golf Course with its iconic floating green.
A destination for all seasons, it also offers several nearby ski resorts and a popular ironman triathlon event each June.
Contact your Coeur d’Alene reverse mortgage lender today.
Please call her at (208) 252-5069 for a no obligation assessment of your situation.
*As of April 2023
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