Last week you saw the video of my clients who right-sized their home and used a reverse purchase to help them buy the house they wanted with no mortgage payment. Today they are living happily ever after in the right home for their family. Congratulations to the Covarrubias family!!!!
In my real estate business, I get calls daily from clients and their family members who want to know more about how a reverse mortgage/reverse purchase can help them. Thank you for your referrals and for trusting David and me to help you with your housing needs and loans at this stage of your life.
I knew when I started to share with you about reverse mortgages and reverse purchases it would be very popular and what I did not know was how overwhelmingly popular it actually is in real estate today. In fact, I read a statistic that reverse mortgages for seniors rose by 66 percent.
Since the majority of people's homes are their greatest asset, using it to help you into retirement makes perfect sense. Using your home when you are strapped for cash and no longer working also makes sense. In fact, most research shows that reverse mortgages greatly improve a person's ability to retire more comfortably, especially for those seniors who do not have pension plans, 401k's, or other means for retirement outside of social security.
I've attached another great article that talks about everything you need to know about reverse mortgages. . . the good, the bad, and the ugly.
Call me if you would like more information on the reverse programs and how they can help you
Read Article Here
Source: CNBC