Reverse Mortgage purchase option
August 24, 2009 11:57 am HomeDid you know that if you are 62 years old or over you can use a reverse mortgage to purchase a home!?
This is a great option for seniors, since so many of them are loosing their retirement savings, with a reverse opurchase they can have a home and also have no house payments ever, until the pass away. The remain in posession of the title of a home, just as in a regular mortgage.
This option is worth looking into, especially if you are concerned about the future and how you will be able to afford a house payment in this market.
See homes for sale in Midvale here.
