Is a Reverse Mortgage for Purchase Right for You?
Depending on your family, your changing healthcare needs, or your financial obligations, it may seem like buying the home you really want at this point in your life is impractical or out of your reach. Fortunately, the reverse mortgage for purchase option was designed with more than one type of consumer in mind. With this strategic tool, you, too, can retire more freely in the home that better suits your evolving lifestyle.
Create more options and improve your financial flexibility
Maximize Your Cash Flow A reverse mortgage for purchase allows you to buy a new home without making a monthly mortgage payment.* That means you can keep significantly more cash and assets in reserve for necessities and luxuries in retirement, and improve your monthly cash flow. Supersize Your Purchasing Power You can increase your buying power and maximize your cash investment in a new home with a reverse mortgage for purchase. By combining your down payment with reverse mortgage loan proceeds, you can more comfortably afford an upscale home or a property in a more desirable location. Prioritize Your Life Purchasing a new home for the next phase of your life doesn’t have to mean downsizing. With a reverse mortgage for purchase, you can rightsize to a home that aligns better with your current and future plans. You can reassess what’s important—whether that is moving closer to family or friends, clearing out the clutter, or buying a home with upgraded features.
*As with any mortgage, you must meet your loan obligations, keeping current with property taxes, insurance, and maintenance.
3 | Buy the Home of Your Dreams
Made with FlippingBook - professional solution for displaying marketing and sales documents online