Reverse Mortgage as a Deal Saver


  • - Actual case mentioned by REMAX Broker/Owner when farming

  • - “Reverse Mortgages are great – they’ve helped us save deals”

  • - Agent made resident grandmother who was going to be co-borrower sole purchaser with Reverse Mortgage due to credit issues

  • - Home closed with Reverse Mortgage.  Children have time to repair credit and/or establish job stability to qualify for financing to pay off the Reverse Mortgage at any time or within one year of the grandmother's death

  • - Such arrangements must be analyzed closely to insure suitability