Imagine living in your home mortgage payment FREE. Or purchasing a new home WITHOUT a mortgage payment. Or having the funds to live out your retirement dreams, regardless of retirement savings.
It’s your home and now you can put it to work for you. This is not the reverse mortgage of yesterday. Once considered a lifeline used to help struggling seniors, reverse mortgages are now much more than that.
Today’s reverse mortgage has become an important part of retirement, often incorporated into strategies developed by financial and retirement planners. Real estate agents are using it to help senior buyers retire in homes they never imagined possible. Adult children are able to fund in home care for their aging parents instead of looking to assisted living or nursing homes.
But just like any major financial decision, reverse mortgages are not to be taken lightly. This is why working with a skilled and dedicated reverse mortgage specialist and reputable lender is so important. Not only do you want to make sure to enter into any contract in an easy going, low pressure environment, you will want to make sure to have any and all questions answered. In addition to the help your specialist will offer, the FHA requires reverse mortgage borrowers complete a third party counseling session.
If you’re interested in learning more about a reverse mortgage or reverse mortgage for purchase, don’t hesitate to contact me!