Скачать или смотреть Can I use a Reverse Mortgage to buy a home?

The short answer is yes, you can use a Reverse Mortgage to buy a home. It works just like any other home loan but there's a few facts you need to know.

You must be sixty-two or older to qualify;

The home you buy must be your primary residence;

You never need to make a mortgage payment, as long as either you or your spouse remains living in the home;

The home stays in your name so you, as the homeowner, are still responsible for all maintenance, property taxes and homeowner's insurance. Just like any other home you've ever owned before, with or without a reverse mortgage.

You can downsize but upgrade your lifestyle with the Reverse Mortgage for purchase program. You can downsize to a newer and nicer home, have no mortgage payments, and possibly even end up with extra cash from the sale of your old house.

Learn more about the ways a Reverse Mortgage can reduce the financial stress of retirement for retirees age 62 and older, as well as Baby Boomers who want to help their parents retire comfortably in their own home.

In Colorado, call:
303-467-7821
Bruce E. Simmons
NMLS # 409914
Reverse Mortgage Manager
http://www.reverse-mortgage-colorado....