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Use FHA Reverse Mortgage to Purchase a New Home

Song

Effective January 1st 2009, FHA reverse mortgages can be used to purchase a new home. 

When you hear the word Reverse Mortgages, you probably think they are for  "house rich and cash poor" senior homeowners. 

Well guess what?  Anyone 62 years and older can now own a home with no mortgage payments as long as they put down a required amount of down payment.    

Anyone interested in discussing this subject in more detail and learning how it works?  Do you know anyone who is a realtor and is struggling to survive in this sluggish housing market?  You can introduce this new tool to help increase their business.

Stary warm and safe during holidays!

Song Hutchins

VP. Reverse Mortgage Division

CitiStar Funding Group, Inc.

(301) 367-4213

Song@ReverseMortgagePlus.info

 

   

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