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Jessica Paggen

Mortgage Loan Originator

NMLS: 773067

Apply Now Contact me
Address

719 Wilcox
Castle Rock, CO 80104

NMLS

1137507

Licenses

Colorado

Fax

(877) 554-1258

About Jessica

My Address:
18551 E Mainstreet. Unit 207
Parker, CO 80134

About Me: 
Ever since I began my home financing career in 2003, I’ve always found it immensely rewarding to be my borrowers’ personal guide through each stage of the transaction – especially when their loan closes without a hitch. I’m proud to represent HMA, as the company shares my philosophy of helping all sorts of borrowers, including first-time buyers, military veterans, and those with non-traditional credit histories. And since HMA’s only business is mortgages, I have access to a wide array of loan options, including VA and FHA loans featuring low down payments. After we discuss your personal and financial goals, I will present your mortgage options and explain their benefits in everyday language. I’m a New Mexico native and served in the U.S. Air Force before making a career move to home financing. Personal and professional integrity is equally important to me now as it was during my military career. When I’m not serving my borrowers, I enjoy jeeping, flying and boating – three outdoor activities that enable me to enjoy Colorado’s breathtaking scenery. I look forward to helping you make Colorado your home, too.
 

What you need to know about reverse mortgages


What is a reverse mortgage?

A reverse mortgage is a home loan that offers flexible payment options to borrowers age 55+ *.  You can use a reverse mortgage to purchase a new primary residence or refinance your home to improve cash flow, to make a large purchase, to consolidate debt, or to establish a line of credit. 

When you have a reverse mortgage, you still own your home.  You are responsible for the maintenance of your home, the property taxes, homeowner’s insurance, and HOA dues.  When it comes time to repay your loan, you will pay the loan along with any interest and fees that have accrued**.

When you reach a “Maturity Event”, your loan needs to be repaid. Maturity events include, but are not limited to, when you no longer live in the home as your primary residence, you sell the home, you pass away. 

Call me to discuss your options and to find out if your home qualifies for a reverse mortgage and if this loan option is right for you.
 

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* Not applicable in all states; some states may impose a higher age requirement. Contact our Reverse Mortgage Specialist for details.
 

**Failure to maintain loan obligations will require the loan to be repaid.

Must meet financial assessment requirements and be responsible for monthly property charges such as property tax and homeowner’s insurance or could be subject to foreclosure. Applicant must qualify based off age, equity, current balances and other various factors. Restrictions may apply. This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD), the Federal Housing Administration (FHA), or any other government agencies. Home Mortgage Alliance, LLC is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Home Mortgage Alliance for current rates. To find a Reverse Mortgage counselor near you, search the HECM Counselor Roster at https://entp.hud.gov/idapp/html/hecm_agency_look.cfm or call (800) 569-4287.

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