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7 Reasons Your Retired Buyers Need You to Know About Reverse Mortgages

What if you knew that $143,000 down could get a Retiree into this beautiful home in this fantastic retirement community for $284,900.

Well, it does! See the listing HERE

The new FHA Retirement Friendly financing program is happening all over the United States. Its Called the HECM for Purchase. Download the Free Buyers Guide at www.RightSizeRetirement.com

However, for the real estate agent and builder who doesn’t know how it works, they are missing out not only on a competitive advantage but on the ability to sell more houses at higher price points!

Recently I was in a fantastic community called Watson Run in Intercourse PA. (See community below).  I have a client purchasing in that community and their house will be completed in February. What is fantastic is that they can buy the house they really wanted (not the model, but the one with the options and upgrades, like the walk in bathtub they added) without impacting their budget.

That’s because they are using the HECM for Purchase to do the financing, therefore they did not have to spend all of their departure home proceeds and will have much left over to enjoy all of their retirement.

Since 2008 and as part of the Homeowners Economic Recovery Act, retirees over the age of 62 can access FHA’s Retirement Friendly Financing.

  • No Minimum FICO Score Requirements

  • No Monthly Mortgage Payments

  • No Standard Income Verification’s

    (Homeowner must show ability to meet monthly obligations of taxes, insurance, association fees etc.)

 How Does it Work

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What Retiree Would Benefit From This Type of Financing?

  1. Those Who Wanted To Only Pay Around $143,000 to Get a $285,000 Home. Meaning, the buyer only wants to put around 50% down!

  2. Those Who Don’t Want to Have To Make required Monthly Payments during their retirement years.

  3. Those Who Don’t Want To Spend Cash from Proceeds or Investments.

  4. Those Who Wanted Additional Upgrades But Didn’t Have the Money.

  5. Those Who Did NOT Sell Their Departure Home For as Much as They Wanted (Imagine the relief to the buyer, knowing they don’t have to get a certain $$ from their departure sale…It takes a lot of pressure off the agent and seller)

  6. Those Who Don’t Want to Shovel, Rake or Worry About Deferred Maintenance Any More.

  7. Those Who Want to Have Extra Retirement Income to Live on AFTER they Moved in.

If This is Real then Why Aren’t More Retirees Doing This?

(See this Page for Video Testimonies of Real Borrowers)

It is the fastest way in America Retirees are changing their retirement. But less than 10% of real estate professionals know about this FHA Government sponsored program. Since its inception it has been exploding. The real question is why haven’t you begun implementing this into your own strategy

4 Ways to Learn More and Make More!

  1. Download the Free Buyers GuideRightSizeRetirement.com
  2. Watch the Complimentary 4 Part Mini Certification Course (January 2015)
  3. Register for our Webinar – “37 Million Baby Boomers and Most Want to Move but Don’t Know How” (January 2015)
  4. Get on Update List To Stay Current (and we may feature one of your listings here in 2015)

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About Watson Run

1 GREYSTONE LANEOnly 10 minutes from the Chester County line, quick possession possible in this well maintained home in Watson Run. The only home available on a corner lot in the community that has a basement. Relax by the fireplace as all of your outside grounds are maintained by the HOA. Leave your Snow Blower & Lawn Mower behind. Lounge by the Heated pool in the summer and enjoy the quiet of the PA Dutch farm country. Within easy walking distance of the quaint village of Intercourse & the Shops of Kitchen Kettle Village.

 

 

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Don Graves

Chief Conversation Starter
HECM Advisors Group
Consulting, Training & Education- HECM Advisors Group http://www.HECMAdvisorsGroup.com
Email: Don@HECMAdvisorsGroup.com | Connect with me on LinkedIn |Twitter @AskDonGraves |YouTube/AskDonGraves
25 Washington Lane, Suite 10A
Wyncote, PA 19095
Office: 215-732-0814 |Mobile: 484-442-0732 |Toll Free/efax: 1-800-762-6315

Don Graves, RICP®

Don Graves, RICP®

President and Chief Conversation Starter at HECM Advisors Group/Institute
Don Graves, RICP® is a Retirement Income Certified Professional and one of the Nation’s Leading Educators on the Emerging Role of Reverse Mortgages in Retirement Income Planning. He is president and founder of the HECM Institute for Housing Wealth Studies and an adjunct professor of Retirement Income at The American College of Financial Services. He has helped tens of thousands of Advisors as well as more than 3,000 personal clients since the year 2000
Don Graves, RICP®
Don Graves, RICP®

Categories: Advisors, Real Estate, Strategic Usage, Topics

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