Reverse Mortgages

The Golden Years – a time to relax and enjoy your family.  A time to travel and do the things you have always wanted.  For some people though, financial burdens keep them from enjoying their retirement years.

Many retirees do not have enough social security or retirement income to live comfortably.  They are strapped financially and have constant worry about how they are going to pay their bills.

There are also many other individuals who may have enough money to pay monthly expenses, but they do not have the extra cash to spend on luxuries such as vacations, memberships and home improvements.

A Reverse Mortgage allows people over 62 years of age to take advantage of the equity they have built in their homes.  

A Reverse Mortgage For a Purchase

Yes, you read that right! Senior homeowners can buy a new home and have no monthly payments!

Many people think that a Reverse Mortgage is only for the home you currently live in, but it is not. Congress passed the HECM for purchase plan that allows seniors to buy a new home with a Reverse Mortgage.

With the family grown and lifestyle changes, many seniors want to move and downsize to a smaller home. By selling their current home they can take the proceeds and use all of it or a portion of it to apply towards their new home. The Reverse Mortgage for purchase will pick up the difference in a new loan and you’ll have NO MONTHLY MORTGAGE PAYMENT.

Borrower must maintain home as principal residence, pay all taxes, insurance, maintain the home.

These materials are not from HUD or FHA and were not approved by HUD or a government agency.

Call Legacy Financial Services to find out how much you qualify for!

For more information call us today at (888) 838-4768.