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FLEXIBLE FINANCING FOR THE HOME YOU REALLY WANT

Check Eligibility

You’ve worked hard to get to this point. Now, you’d like to live in a “rightsized” home that better fits your needs today and offers financial peace of mind for the future. Maybe you don’t think you can afford to move because of your financial obligations, income, or other issues. But with a reverse mortgage for purchase, designed specifically for homebuyers who are age 60 * and older, you can get the funds you need to buy the home you want.

MOVE NEAR LOVED ONES

You can reassess what’s important—whether that is moving closer to family or friends.

RIGHTSIZE TO A NEW HOME

Buy the home that has the features and amenities that you want at this point in your life and in the future.

FLEXIBLE REPAYMENT OPTIONS

Pay as much or as little as you like each month toward principal and interest—or no payment at all.

As with any mortgage, you must meet your borrower obligations throughout the life of the loan,
including keeping current with property taxes, insurance, and maintenance.

Complete the Form Below
to Get Your Free Guide

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FOR AMERICAN HOMEOWNERS
AGE 60 AND OLDER*

Nearly 64% of retirees have moved or anticipate moving in retirement.¹
Find out what kind of funds you can get for your new home.

Request Consultation

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HOW IT WORKS

Joyce is 65 years old. Many of her friends moved to a new, low-maintenance lifestyle community and Joyce was eager to join them. But she didn’t want to add the burden of a monthly mortgage payment—or to spend $350,000 in cash to buy the home free and clear. She was forced to consider less expensive homes nearby.

Fortunately, a friend told her about Reverse Mortgage for Purchase loans. Joyce discovered that with this option, she only needed to invest about 57% of the purchase price. This allowed her to upgrade to a more comfortable lifestyle and keep more of the money from the sale of her former home, while having the option of making no monthly principal and interest payments if she so chooses. 

As with any mortgage, she must meet her loan obligations, keeping current with property taxes, insurance, and maintenance.

THE RESULT

  • Joyce was able to move into the home that she wanted right away.
  • She kept significantly more cash from the sale of her previous home.

SEE WHAT FUNDS YOU MAY HAVE AVAILABLE

If you’re a homeowner who’s at least 60* years old, with equity in your home, you may be eligible for this financial solution.

Check Eligibility

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DIANE S.
Benicia, CA

I just so happen to have a reverse mortgage. The best thing I ever did in my life.

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JAMES J.
Philadelphia, PA

You get to stay in the house and that's a really good thing. Especially since you still own the house.2

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RICK M.
Fairport, NY

It's a mortgage or a line of credit, but with flexibility. I haven't heard a reason why I shouldn't pick this product.

*Not applicable in all states; some states may impose a higher age requirement. Visit www.reversefunding.com/equity-elite for details.

¹Rounds, Hanna, “Older Americans Are Getting Crushed by Debt, New MagnifyMoney Analysis Shows”, August 11, 2017. http://www.magnifymoney.com/blog/retirement/senior-debt-in-america1235240335/

ϮThis down payment range assumes closing costs will be financed into the loan. The information being displayed is for illustrative purposes only. Actual cash required may vary and is based on the age of the youngest borrower, interest rate, home value, and other factors. Please contact Reverse Mortgage Funding LLC (RMF) for details about credit costs and terms.

2As with any mortgage, borrower must meet their loan obligations, keeping current with property taxes, homeowners insurance, and maintenance.

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