Reverse Mortgage for Home Purchase
Want to buy a new home that meets your changing needs or lifestyle? Maybe you would like to live closer to family, friends, services-or maybe the golf course? If you are 62+, now you can buy a home without having to deplete your retirement savings and without having to make any monthly mortgage payments. Use the proceeds from the sale of your home and a HECM Purchase loan for the difference.
*Stipulations include maintaining the home as your primary residence, keeping current on taxes and insurance (Home Owners Association dues if applicable), and making sure the house is properly maintained.
A replacement home search provided courtesy of Real Estate Opportunities, Inc. 999 Marie Avenue West Mendota Heights, MN 55118