Is a Reverse Mortgage for Purchase Too Good to Be True?
No. The fact is most people simply don’t know that you can purchase a new home with a reverse mortgage. It’s natural for you and your family to be skeptical about a product with which you are unfamiliar. That is why it is important to bring your loved ones and trusted financial advisors into the conversation and learn the truth about this strategic home financing tool. The bottom line : The reverse mortgage for purchase program was designed to help older Americans buy a more suitable home in retirement, while still conserving cash and assets for their future expenses.
7 | Buy the Home of Your Dreams
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