Rightsizing
Expand Your Homebuying Options While Protecting Retirement Assets
The Benefits of Buying with a Reverse Mortgage Loan
With Rob and the Kanyur Reverse Team, you can buy a new home, protect your assets* and never have to make monthly mortgage payments. Instead, you just have to cover property charges like taxes, insurance and upkeep.
How It Works
With a reverse mortgage loan for purchase (also called HECM for purchase loan), you apply those loan proceeds to the price of a house you want to buy. You can use the equity from the home you are leaving or other funds to cover any leftover balance.
This can increase your purchasing power tremendously because it adds the funds from a reverse mortgage loan on top of the other assets that you already have — that includes the proceeds from the sale of your current home.
Hear From a Real H4P Customer
Then What Happens?
You enjoy the same terms for any home with a reverse mortgage loan:
Who’s a Great Fit for a Reverse for Purchase Loan?
The following are just a couple examples of people who found the living situation that’s best for their golden years. Houses and stories are for illustration purposes only. Houses may not be available for purchase.
Moving to the Perfect Neighborhood
James and Mary, 62 and 59, want to move to a newly constructed home in an area that’s ideal for retirees. The problem is that home values are close to double in the new community compared to where they live currently. With a reverse mortgage for purchase, James and Mary can make their move and never have to make monthly mortgage payments again. They just have to pay property expenses and maintain the home.
$600,000 Home Sale Value
James and Mary currently own this home.
$800,000 Home Value
With a reverse mortgage for purchase, the proceeds from their old home could enable them to buy their much more expensive dream home.
Planning for a Legacy*
Cindy, 62, is selling her current home that she owns free and clear. She wants a home of a similar value that is closer to her grandchildren—but she also wants to set up an annuity for her grandchildren to help pay for college.* A reverse mortgage can allow her to purchase the home she wants and have plenty of money left over from the sale of her current house.
$800,000 Home Sale Value
Cindy currently owns this home.
$650,000 Home Value
With a reverse mortgage for purchase, Cindy could sell her current house for $800,000 and buy a $650,000 house. She would have ~$360,000 remaining to use. $170,000 could go to an annuity for her grandkids and $190,000 could be invested by her financial advisor.*Â She would also never have to make monthly mortgage payments again. She would just have to take care of property charges like taxes, insurance and upkeep.
Hear Real H4P Customer Experiences
Choosing a Reverse Mortgage Over a Traditional Mortgage
Using a HECM for Purchase to Buy the Home You Really Want
Living in a House You Love While Creating a Legacy
Curious About What You May Qualify For?
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*The information in this advertisement does not constitute financial planning advice. Please consult a financial planner regarding purchasing an annuity and your specific retirement plan.