Then What Happens?
Your client enjoys the same terms for any home with a reverse mortgage loan:*
Never have to make monthly mortgage payments unless they want to
The home is theirs, in their name, and no one can make them leave
Simply pay homeowner’s insurance, property taxes, and maintain the home
Who’s a Great Fit for a Reverse for Purchase Loan?
The following are just a couple examples of people who find the living situation that’s best for their golden years.
$600,000 Home Sale Value
James and Mary currently own this home.
$800,000 Home Value
With a reverse mortgage for purchase, the proceeds from their old home would enable them to buy their much more expensive dream home—free of monthly mortgage payments.
$800,000 Home Sale Value
Cindy currently owns this home.
$650,000 Home Value
With a reverse mortgage for purchase, Cindy could sell her current house, buy a $650,000 house, and have $170,000 to spend on an annuity for her grandkids. She would also never have to make monthly mortgage payments again.
What About Your Specific Situation?
Our loan officers can explain the most beneficial option for your unique needs.
Our Video Series for Homeowners
Learn what you need to know about reverse mortgages.
*The information in this advertisement does not constitute financial planning advice. Please consult a financial planner regarding purchasing an annuity and your specific retirement plan.