Reverse Mortgage Purchase

Many are not aware that a reverse mortgage may be used to purchase a home. The program works the same as when refinancing, and the criteria to qualify is also the same. A person's age and the price of the home will determine how much down payment is needed to complete the transaction. Besides the down payment, there will be no further mortgage payment required while living in the home. Only property taxes and homeowners insurance will need to be paid when due. Thus giving the opportunity to live payment free for life and have added security against home foreclosure.  Click on Contact Us for more information and to obtain your benefit click on the Reverse Mortgage Calculator.