You may be able to Use a Reverse Mortgage to Buy a Home …
The benefit to you is that (rather than you paying a monthly mortgage to your lender) a Reverse Mortgage pays you to stay in your house … A reverse mortgage allows you to receive cash payments which from the equity in your home.
The requirements for a Reverse Mortgage are:
* Homeowner must be 62 or older
* No credit score requirement to qualify
The benefits of a Reverse Mortgage are:
* Use the cash you receive for any purpose whatsoever
* No monthly mortgage payments
* Borrower retains title to the home
* The Reverse Mortgage can be used for Purchase or Refinance
* Without moving you can turn your home’s value into cash
* Finance closing costs and other fees with the loan
If you are in the market to buy, sell or relocate, and are looking for an experienced , local real estate agent to work with, we invite you to call us. Vicki and Alexandra Restivo at EWM Realtors International 305 793-1365 restivo.v@ewm.com
