Posts Tagged ‘reverse mortgage’
The True Cost of a Reverse Mortgage: Why MIP and Closing Costs Are Worth It
When people first hear about a reverse mortgage, one of the first questions they ask is, “Why are the closing costs so high?” It’s a fair question—and one that deserves an honest answer. Let’s break it down. First, What Are the Costs? There are two main types of costs associated with a reverse mortgage (also…
Read MorePurchase the Home of Your Dreams
FUN FACT More than 338,000 U.S. residents retired to a new home in 2023, a 44% jump from 2022 and the highest number in three years, according to a new report on migration trends. AARP.org A Reverse for Purchase (R4P) is a great way to get yourself into the home of your dreams!! An R4P…
Read MoreStacking Tax Deductions Using A Reverse Mortgage
Using a Reverse Mortgage can do more than just turn off your mortgage payment, it can be a very beneficial tax strategy – keeping more of your wealth where it belongs—in your pocket. Here’s an example of how this works: Let’s say you decide to buy a right-sized home for your retirement at $600,000.…
Read MoreColorado Springs Realtors CE Class Reverse for Purchase
Tuesday, May 16 · 10am – 1:30pm MDT The Hall at PPLD 20 W Pikes Peak Ave 20 West Pikes Peak Avenue Colorado Springs, CO 80903 Free – Lunch Included! Discover how a Reverse Mortgage for Purchase can be a smart solution for home buyers 55 and older who want to buy a more appropriate…
Read MoreWestminster Realtors CE Class Reverse for Purchase
Monday, May 15 · 10am – 1:30pm MDT 12225 N Pecos St 12225 North Pecos Street Westminster, CO 80234 Free – Lunch Included! Discover how a Reverse Mortgage for Purchase can be a smart solution for home buyers 55 and older who want to buy a more appropriate home with a one-time investment of about…
Read MoreOffering Holistic Retirement Solutions
A Reverse Mortgage is just a tool in your client’s retirement tool belt. You need to be letting them know how you can provide them with a whole, holistic, retirement plan.
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