New Reverse Mortgage Purchase Program
The all new Purchase Reverse Mortgage Program is designed to help seniors purchase a new home and never make monthly mortgage repayments for as long as they live in the home. The new reverse mortgage law that makes this possible took effect in January. The law requires that FHA insure reverse mortgage loans to be used for these purchases.
A senior, 62 or older, can purchase a home using a reverse mortgage instead of the traditional mortgage. Seniors who wanted to purchase a new home with poor credit, or without a steady substantial income or who are not comfortable with beginning to make monthly payments all over again, can now easily do so with the reverse mortgage purchase loan.
Call Troy Today for Details about this Exciting New Program! Please do not Delay! TOLL FREE 1-888-973-8377