Reverse Mortgage
The new FHA Reverse Mortgage for Purchase allows Seniors to make a down payment and finance the addtional cost with a loan which has no payments!
Now Payments as long as one borrower lives in the home
Title remains in the name of the borrower(s)
NO Credit or Income requirements
Heirs will still inherit the property
1-4 Units, Single Family Residence, Condo's, Co-op's.
Perfect for relocations, trade-ups and downsizes.
Borrowers can also generate income or cash-out with tax-free money!
Contact us today for more info!
562-665-4077