Since 2009, Reverse Mortgages can be utilized to purchase a primary home, allowing borrowers to downsize, move closer to family, or a more desirable community. 

 

Compared to cash/traditional financing, borrowers can: 

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• Significantly increase their purchasing power using the reverse loan as a down payment

• Significantly reduce monthly out-of-pocket expenses 

• Increase cash flow 

• Keep liquid assets available for other uses 

• Eliminating monthly mortgage payments

*Qualify without traditional income/credit guidelines

 

This may be just the product you need to help facilitate your move.  If you are over 62 and would like more information, click below and we can set up time to speak.

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Borrower must occupy home as primary residence and are responsible for property taxes, homeowners’ insurance, home maintenance and HOA fees.