Then What Happens?
You enjoy 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. She just needs to pay taxes, insurance, and maintain the home.
What About Your Specific Situation?
Our Retirement Mortgage Specialists can explain the most beneficial option for your unique needs.
Hear from real life RMS clients about their experiences.
Sally Jo and Ayric Dierenfeld
“The components of reverse mortgages and the potential of them, wow…It’s a process of education, people just don’t know.”
“When I realized that I really really could retire, I gave my two weeks notice and I haven’t looked back. It was a mind changing concept.”
Don and Patti Chave
“We thought there were two things to do. We could lose the home or refinance. How can you refinance when you’re not working?”
Find Out More About Our Loans,
Like How Much You May Qualify For.
Please fill out the form below and we will be in touch!
*The required down payment on your new home is determined on a number of factors, including your age (or eligible non-borrowing spouse’s age, if applicable); current interest rates; and the lesser of the home’s appraised value or purchase price.
**This advertisement does not constitute tax or financial advice. Please consult your tax and/or financial advisor for your specific situation.