Buying A Home With A Reverse Mortgage!

Recently, I assisted a married couple who had just sold the home where they raised their family buy themselves a new home.

This couple, in their early 80s, sold their home in the suburbs of New York City for a substantial amount of money. They were looking to move to an over-55 community in south Florida.

They found a beautiful, single-story home, in a great over-55 community complete with a pool and easy access to the clubhouse, on-site restaurant, community pool, tennis, pickelball, gym and theater!

Instead of using all of their cash for this purchase they were able to buy with a down-payment of 50%, plus normal closing costs, with a reverse mortgage funding the other 50%.

The result? Half of the proceeds from the sale of the old home stays in their pocket. Half the purchase price of the new home was funded by a reverse mortgage.

They never have to make a mortgage payment. They do have to pay their HOA, property taxes and insurance but they kept almost $500,000 from the sale of their old home to use for their expenses, their wants and their needs.

Now they have money in their pocket, a new home in Florida, financial stability and they're loving life!

Your situation is bound to be somewhat different. What is the same is that this great financing tool can be used by you for your benefit! Use the form on the other side of this page to send me your info and let's see if I can help you.

You'll be glad you did!

- Joshua Orlan

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