Overview
Join us for 2 hours CE, lunch, and a mimosa/sparkling soda bar.
What is the Reverse Mortgage for Home Purchase?
A Reverse Mortgage for Home Purchase enables senior homebuyers aged 62+ (55 in some states) to purchase a new home without taking on monthly mortgage payments. Instead of paying all cash or taking out a traditional mortgage, Buyers use a HECM to finance part of the purchase price. This significantly reduces the amount of out-of-pocket funds buyers must bring to the table.
How does this benefit Realtors/Builders?
- Create 2 transactions from one buying unit
- Builders are able to sell more upgrades
- Help clients keep more cash in their pocket
- Have a financing option to have an edge on the competition
- Close more condo deals – both FHA and non-FHA approved
- Help clients into that dream home without draining retirement funds
Good to know
Highlights
- 2 hours
- In person
Location
SecurityNational Mortgage Company
433 West Ascension Way
1st Floor Murray, UT 84123
How do you want to get there?
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