Join us on Thursday, April 17th at 5:30 PM
Did you know that a reverse mortgage can be a powerful tool to help you buy your next home? If you’re 62 or older and considering downsizing, relocating, or moving into your dream home, a reverse mortgage for purchase could make the process easier and more affordable.
What Is a Reverse Mortgage for Purchase?
A reverse mortgage for purchase allows you to combine a down payment with a reverse mortgage loan to buy a new home. Unlike traditional mortgages, a reverse mortgage doesn’t require monthly payments-you just need to cover property taxes, insurance, and maintenance. This can free up cash for other priorities while letting you enjoy the benefits of homeownership.
Key Benefits:
- Preserve Your Savings: By using a reverse mortgage, you can buy your next home withou epleting your retirement savings or other investments
- Upgrade Your Living Situation: Whether you’re moving closer to family, downsizing to simplify your lifestyle, or upgrading to a more comfortable home, a reverse mortgage can make it possible.
- Lower Monthly Expenses: Since there are no required monthly mortgage payments, you can enjoy greater financial flexibility.
Is It Right for You?
A reverse mortgage for purchase can be an excellent option for buyers who meet the eligibility requirements and plan to make their new home their primary residence. It’s especially appealing for retirees looking to maximize their cash flow while living in a home that suits their needs.
To learn more, join us at our Buying a Home with a Reverse Mortgage seminar on Thursday, April 17, 2025. This valuable and informative seminar will be conducted on Zoom by Dietrich Miklautsch of Guild Mortgage, our trusted lender of choice.
At Brenner | Hill, we’re here to guide you through all your real estate options and connect you with trusted mortgage professionals. If you’d like to explore whether a reverse mortgage for purchase is the right fit for your next move, contact us today! To Register for The Seminar just complete the form on the right or:
- Email sbrenner@windermere.com
- or Call Sandra at (206) 271-7100