Reverse Master Class

What is the Reverse Mortgage for Home Purchase?

A Reverse Mortgage for Home Purchase enables senior homebuyers aged 62+ (55 in some states) to purchase a new home without taking on monthly mortgage payments. Instead of paying all cash or taking out a traditional mortgage, Buyers use a HECM to finance part of the purchase price. This significantly reduces the amount of out-of-pocket funds buyers must bring to the table.

How does this benefit Realtors/Builders?

• Create 2 transactions from one buying unit
• Builders are able to sell more upgrades
• Help clients keep more cash in their pocket
• Have a financing option to have an edge on the competition
• Close more condo deals – both FHA and non-FHA approved
• Help clients into that dream home without draining retirement funds