Are you over 62 years old and want to buy a new home? Maybe you want to downsize, or go from a two story to a one story or just move closer to your grandchildren. Let’s say you’ve found the perfect place for $300,000. You can buy that house with a Reverse Mortgage Purchase. You pay about $130,000 and get a reverse mortgage for the rest. You will never have to make another mortgage payment. You’re only responsible for the property taxes and homeowners insurance. There is no income or credit qualifying. You hold title to the home and never have to pay the mortgage off until you move or die. It’s a “non recourse” loan which means you or your heirs can never owe more on the house than it’s worth. Speak with one of our Reverse Mortgage specialists for more on this exciting program.