Many of our clients are taking advantage of an incredible new loan program called a
“Reverse Mortgage Purchase”
This is NOT THE OLD “sign over your home for a monthly check” plan! In fact, they are Federally Insured and if the market increases by roughly 4% per year, you’ll
give up none of your original Equity!!
If you’re thinking of selling your home to downsize, you can take the proceeds and use a Reverse Mortgage Purchase for the new home, put down only half what the new home costs and have NO MORTGAGE PAYMENT!
This can free up $100,000s for you to use in retirement!
Example: Sell a home you own outright for $500K, Purchase a new home for $300K, Put down half ($150K), have no mortgage payment, and
pocket $350,000 to use in retirement!