Did you know that you can purchase a home with a reverse mortgage? If you’re thinking about buying a new home, you may want to consider using a reverse mortgage instead of a traditional mortgage. Why?
Just like a traditional mortgage, you will remain the owner of the home. Unlike a traditional mortgage, the reverse mortgage does not require monthly mortgage payments. So you can purchase the home and not have to pay a mortgage payment on the home as long as you live there. It is important to remember that you are still responsible for paying property taxes, homeowners insurance, and home maintenance costs.
Watch today’s Tune in Tuesday to learn more!
If you’re interested in using a reverse mortgage to purchase your next home, give one of our licensed specialists a call. They can answer your questions, and you have no obligation to move forward.