January, 2009, HUD allows Reverse Mortgage for Home Purchase.  
 

Reverse Mortgage for Home Purchase has opened up new opportunities not only for Senior-Home Owners, but also for Real Estate Agents.  Agents now have a reason to market to the fastest and largest growing demographic in the country.  It is estimated that over 10,000 people a day in America are turning 62 years of age.  The first wave of the Baby Boomer Generation is now receiving Social Security Income.  

Many of today’s seniors are living in homes that no longer fit their life style. Many of the homes are multi-level, with the bedrooms upstairs, the kitchen on the main level and the laundry facilities down in the basement.   In some cases the yard is too big in the summer to take care of, the drive way is too big in the winter to shovel.  Many seniors today are living in homes that are to far from family & friends. 

What they want is a new home.  But what they don’t need is a new monthly mortgage payment at this latter stage of their life. 

Real Estate Agents across the country are finding that a reverse mortgage may be an option for potential senior-home buyers who want to move or need to move but cannot qualify for a new mortgage or want to take on a new payment.  Reverse Mortgage for Home Purchase may be the answer, not just for your clients, but also for you, when you ask yourself the question:         “How can I grow my business in the future?” 

For more information on our next Educational Seminar, questions on how a reverse mortgage is used in a purchase transaction or for a free copy of our brochure:

“Reverse Mortgage for Purchasing a Home” 
 

Please contact us at:  303-854-3035 or toll free 1-877-216- 0166