Our Reverse Mortgage Blog

September 12th, 2009 10:10 AM

So you are ready to downsize or make a change in homes. You have equity that you plan to use on your new purchase. You have no existing mortgage. The home you are selling is going to provide you with enough money to make an "all cash" offer. You do not want a mortgage payment anymore. Sounds great, doesn't it!

Here is an idea. Save about have of your money, use a reverse mortgage to purchase the new property. Do monthly payments going forward (you wanted that) and now you still have the rest of the money invested and making you more money to use at a later time.

This new government insured reverse purchase mortgage allows this to happen! Now you have choices! Find out what your maximum benefit would be by getting a free reverse-for-purchase analysis. Call (800) 710-9502 or go to http://www.WashingtonReverse.com and click on "reverse calculator". 

Posted by GW Smith - MLO#53963 on September 12th, 2009 10:10 AMPost a Comment (0)
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