Reverse Purchase

Are you 62 years or above?

Relax and Let Your Home Work for You

Are you 62 years or older and the proud owner of your own home? If so, a reverse mortgage for purchase might just be the key to unlocking your financial aspirations.

A reverse mortgage for purchase allows you to access the equity in your home without the weight of those monthly mortgage payments. The best part? There are virtually no restrictions on how you can utilize these funds. Whether it's covering unforeseen medical expenses, contributing to your grandchildren's education, or any other purpose that matters most to you, the decision is entirely yours. What's more, repayment of the loan only comes into play when you decide to sell the home, permanently move elsewhere, or pass away.

Of course, it's essential to remember that with a reverse mortgage for purchase, your home must continue to be your primary residence. You'll also need to stay up-to-date with property taxes and insurance while ensuring that your property receives the maintenance it deserves.

With a reverse mortgage for purchase, you can embrace financial freedom while retaining the comfort of your cherished home.

Key Benefits of a Reverse Mortgage:

  • No monthly mortgage payments are required; the loan is settled when you move out, sell the home, or pass away.

  • Non-recourse feature ensures you'll never owe more than your home is worth.*

  • Flexible cash disbursement options tailored to your needs.

  • If heirs choose not to repay the loan and the home is foreclosed, they won't be liable for any deficiency.

Key Qualifications:

  • 620 FICO (less is ok but may require LESA reserves)

  • 62 years or older

  • Large down payment depending on life expectancy

Contact me today to determine if you qualify. Throughout the process, you'll work with an independent reverse mortgage counselor who will help you assess all the potential risks and benefits.

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Equal Housing Opportunity © 2024 Apache Mortgage Inc, 14098 Edwards St, Westminster, CA 92683, 949-298-2980. NMLS ID # 2454357 DRE # 02209550 & 02031005. For licensing information go to www.nmlsconsumeraccess.org. Trade/service marks are the property of Apache Mortgage Inc and/or its subsidiaries or affiliates. Information is intended solely for mortgage bankers, mortgage brokers, and financial institutions. For more information, review Apache Mortgage Inc's state licenses and important notices. Co-op loans not available. Some products may not be available in all states. Information, rates and pricing are subject to change without prior notice at the sole discretion of Apache Mortgage Inc, Mortgage Broker. All loan programs are subject to borrowers meeting appropriate underwriting conditions. This is not a commitment to lend. Other restrictions apply. [05-2024]

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