Can You Use a Reverse Mortgage to Buy a Home?

ABSOLUTELY! Could you imagine buying a home and getting a federally insured mortgage that you never have monthly payments for! Reverse Mortgages have only been around for less than 10 years. For the majority of those years it was meant as a refinance program, not as a purchase program. The ability to purchase a home using this program only came about in the last 4 years.

We could go much deeper into this question with all the details but this is better done with a personal conversation because the details are many and this is a blog, not a book. Needless to say, when you’re considering purchasing a home and getting a Houston Mortgage… if you’re retired you may have another option that way better than a standard Houston Mortgage! We actually have an online workshop for Reverse Mortgages if you want to know more. It’s free and I highly encourage you to sign up for this great content!  Click HERE.