Refinance an existing mortgage at the start of retirement!
Use alongside other options for purchasing a new home at the start of retirement!
Fill in the gap for missing early Social Security benefits when delaying Social Security to age 70!
Finance medical care for a partner needing to enter assisted living while the other remains in the home
Purchase Long Term Care Insurance (LTCI) or Whole Life Insurance with an LTCI rider
Ready for a more manageable home?
You can use a reverse mortgage to buy your new home and eliminate monthly mortgage payments! To make sure the buyer is well protected while using a reverse mortgage, 50% down will be needed for the purchase of the new home, either from assets in the bank or by selling your current home!
The 50% can come from the sale of your existing home.
In this great seller market, it is a good time to take the equity from your current home and make a 50% down payment on a new, more manageable, home then use a reverse mortgage to purchase that home!
Call us 801.589.5817 for a complimentary analysis of the value of your current home, and to see if a reverse mortgage to purchase a new home makes sense for you!