When someone asks, “what is a Reverse Mortgage?”, don’t let that client get away! The biggest demographic that own the majority of residential real estate – homeowners 65 and above, may need help in more ways than one, and that person can be you.
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With the Reverse Mortgage for Purchase, your older clients can downsize, relocate, and buy a new home that they wouldn’t otherwise qualify for – without depleting their savings. If done right, your clients will end up with MORE spendable cash and NO monthly mortgage payments! Best of all, you get two transactions with one client selling and buying.