One of the hallmarks of our current culture is how quickly new products come on the market. Home financing options are no different. It’s difficult to keep track of the many types of home loans and how they differ. 

Because of the vast and sometimes complicated differences, it’s important to deal with a local broker who can help you determine the loan that’s the best fit for your situation. Plus, local loan officers are attuned to the local market and prices. 

When it comes to mortgage loans, Shelly Smith and the team at Town & Country Finance in Fruita combine local know-how with personalized service. 

Smith, owner of the Fruita-based mortgage company, believes that an important decision like a home loan should not be rushed. She puts her 27 years of knowledge and experience to work for Grand Valley residents, assisting them with all of their mortgage endeavors and providing them with an experience that’s both personal and professional. 

Whether you’re consolidating your debt, refinancing your home, or buying your first house, Smith and her staff have the expertise to make the process fast, easy and painless. 

Smith is especially attuned to the needs of seniors, being that she is one herself. She especially loves hearing their stories.

“I love hearing about their lives—what they did in their careers, the children they had, the spouses they’ve laid to rest,” she said. 

One loan program that Town & Country’s older clients often find attractive is a reverse mortgage. A reverse mortgage is a great option for homeowners age 62 and older who want to leverage the equity they’ve built up in their home without selling, refinancing, or taking out a home equity loan and therefore incurring another monthly payment. 

For those who don’t want to or are unable to make an additional payment because of limited cash flow or poor credit, a reverse mortgage may be your only option. 

Unlike a typical mortgage, a reverse mortgage doesn’t require the homeowner to make any loan payments. It can provide a lump sum or line of credit that can be accessed as needed, based on how much of the home has been paid off and its market value. A reverse mortgage allows homeowners can stay in their homes as long as they keep up with property taxes, maintenance and insurance.

For more information about reverse mortgages and other loan programs, stop by Town and Country Finance, 122 E. Aspen Ave. in Fruita, or call 970-858-4752 and schedule a free consultation.