We are funding Reverse Mortgage Purchase Money Loans and the buyers are getting a lot more home than they thought they could afford.
For your clients over 62 years old purchasing their primary residence, we can get them done in 21-30 days at 3.175% interest! APR 4.25%
The Reverse Mortgage guidelines were rewritten in 2008 and they are leaps and bounds better than the previous versions. They are now widely accepted and recommended by Financial Advisors. Even the well off and wealthy now see the benefit of diversifying ones net worth with the new Reverse Mortgage.
For example: You have a client that wants to pay $3-400k cash for a home. With the reverse, they can now purchase a home for $6-700k and have no payments for life! At todays low rates (3.175%) the amortization schedule shows that their home equity will still continue to rise faster than the loan balance.
Give me a call today to hear more!
Darren Carlin
(925)872-0695
dcarlin@pacificwidelending.com
