Senior Home Financing With No Monthly Mortgage Payments

Dated: 12/07/2016

Views: 621

>>Senior Home Financing With No Monthly Mortgage Payments!!<<

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Did you know ?? HECM for Home Purchase enables senior homebuyers - age 62 and older - to purchase a home and make no monthly mortgage payments* for as long as they live in the home.

Properties that qualify are:

-Single family homes

-Multi-family homes (2-4 units)

-FHA approved condos

-Manufactured homes that meet the FHA requirements

-Leased land properties with specific wording

Approximately 50% down and "The Home Is Yours"

Details:

-FHA insured loan 

-No monthly mortgage payments

-Home must be primary residence

-Borrower(s) must be age 62+

--->Spouse can age 18+

-Down payment funds must be your own or gifted from a family member

--->Down Payment cannot be borrowed

-Always hold title to the home - as long as property taxes and insurance are paid, and comply with loan terms

--->Borrower(s) can leave home to their heirs or sell anytime

-Down payment amount is mostly based on age , appraised value and will usually range between 40% and 60% of purchase price, or contract price, whichever is lower

CONTACT ANDREA FOR MORE DETAILS BY PHONE:    409-682-6510   OR BY E-MAIL:    ANDREA@ADVANTAGESOLD.COM

YOU CAN ALSO SEARCH PROPERTIES ON MY WEBSITE AT:    WWW.ANDREA.ADVANTAGESOLD.COM

*This is not from HUD or FHA 

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