Finance your next home in Texas using a reverse mortgage for purchase and eliminate required monthly mortgage payments from day one. Homebuyers age 62 and older can combine a down payment with a reverse mortgage to purchase a new primary residence while preserving cash, improving monthly cash flow, and enjoying long term financial flexibility and peace of mind.
A reverse mortgage for purchase allows homebuyers age 62 and older to buy a new primary residence using a down payment combined with a reverse mortgage. There are no required monthly mortgage payments, and the loan is repaid when the home is sold or no longer the primary residence.
Buy your next home without monthly mortgage payments using a reverse mortgage for purchase. Homebuyers age 62 and older can purchase a new primary residence with a one time down payment, preserve more cash, improve monthly cash flow, and enjoy greater financial freedom in retirement.
Preserve your retirement savings by using home equity more strategically. A reverse mortgage for purchase allows homeowners age 62 and older to buy a new home with a one time down payment, reduce monthly expenses, and keep more savings invested for long term security and peace of mind.
Simplify your retirement living with a home that fits your lifestyle and finances. A reverse mortgage for purchase allows homeowners age 62 and older to buy a new primary residence without required monthly mortgage payments, helping reduce expenses, increase comfort, and enjoy greater freedom and peace of mind.
Flexible financing designed for your needs gives you more control over your retirement lifestyle. A reverse mortgage for purchase offers customizable options that align with your goals, allowing you to buy a new home, reduce monthly expenses, and maintain long term financial flexibility and confidence.
A reverse mortgage for purchase can benefit homebuyers age 62 and older who want to buy a new primary residence without taking on monthly mortgage payments. It is ideal for retirees looking to downsize, relocate closer to family, move into a more suitable home, or preserve retirement savings while improving monthly cash flow and long term financial flexibility.
Ready to finance your next home without monthly payments? A reverse mortgage for purchase lets homebuyers age 62 and older buy a new primary residence with a one time down payment and no required monthly mortgage payments. Enjoy greater flexibility, preserve savings, and move forward with confidence.
Ken Andreas helps Texas homeowners understand reverse mortgages in a simple, no pressure way. Explore how to eliminate monthly mortgage payments, access home equity, or purchase a new home, with personalized guidance built around your goals.
A reverse mortgage for purchase lets homebuyers age 62 and older buy a new primary residence using a down payment combined with a reverse mortgage, with no required monthly mortgage payments.
You generally must be 62 or older, occupy the home as your primary residence, meet lending guidelines, and show you can keep up with property taxes, homeowners insurance, and home maintenance.
The down payment amount varies based on age, interest rates, and the home’s purchase price. A larger down payment typically means a lower reverse mortgage balance.
Eligible properties typically include single family homes and certain condos and manufactured homes, as long as the home meets program and property requirements and will be your primary residence.
The loan is usually repaid when the home is sold, refinanced, or no longer your primary residence, such as moving out long term. There are no prepayment penalties if you choose to pay it off earlier.
