FAQ purchasing a home with a reverse mortgage

FAQ purchasing a home with a reverse mortgage.

FAQ purchasing a home with a reverse mortgage video duration 1 Minute(s) 35 Second(s), published by Kevin A. Guttman on 19 09 2019 - 20:16:22.

Can you use a reverse mortgage to purchase a home? Yes and it's a great way for retirees to save money and have no monthly mortgage payment other than Jack Tenold explains that with a Reverse Mortgage it is most likely that you will have a line of credit
He arranges it so that any funds you want are deposited .

. An essential video guide to Reverse Mortgages - how it works, how much you can borrow on a reverse mortgage (with example), and hidden risks involved

Can you use a reverse mortgage to
purchase a home? Yes and it's a great way for retirees to save
money and have no monthly mortgage payment other than property
taxes, homeowners insurance, and maintenance. Just like
other mortgage products qualification is required. However,
it's minimal with checking credit income just to make sure
that you can cover the property taxes and insurance and maintaining
the home.

Other FAQs:

FAQ Is a reverse mortgage a ripoff?
https://youtu.be/ulr1_VzN9DU

How does a reverse mortgage work?
https://youtu.be/dlxz3Rdqt5U

Kevin A. Guttman - Reverse Mortgage Specialist
NLMS# 384936
Evergreen National Bank NMLS #609177
Local (719) 302-5820
Toll Free (877) 251-9709
6660 Delmonico Dr. #D471 Colorado Springs, CO 80919