Relocate with a Reverse Mortgage for Home Purchase

This program allows people 62 years old or more to buy a house for use as a major headquarters, using the proceeds of a reverse mortgage (equity conversion mortgage) to get a new home, eliminating the need to pay premiums traditional mortgage.
This is essential, and many older homeowners who are looking to move do not want to afford the new mortgage. For some, and existing home sales are not sufficient to cover the cost of a new one. For others, it is important to maintain the liquidity of the income of their former home.
The program, designed to allow seniors to buy a new house key and getting a reverse mortgage within a single transaction, a great thing for people who are looking to move, for example Cliff Auerswald, director of the company all reverse mortgage.