Reverse Purchase Mortgage

Reverse Purchase Mortgage

GET THE WORD OUT!!

If you or someone you know is over 62, they can now buy a home and never make a payment for the rest of their lives. This is a new program through FHA and is guaranteed by the U.S. Government.

Imagine how many seniors that are struggling to make ends meet in this economy. Help is finally here.

Example:

Mom had planned on moving in with her son and daughter-in-law. Instead of moving in with her son, she bought a $400,000.00 home, putting $200,000.00 down and is getting a reverse mortgage for $200,000.00. The son and daughter-in-law sold their home and moved into Mom's new house. Now none of them have a mortgage payment. The money that the son was paying on his mortgage is being saved for the grandkid's college fund.

Wow, what a great deal.

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