Reverse refinance as a transaction catalyst

  • - Parents/Grandparents wish to help younger buyers get into a home in tough market

  • - Scenarios where agents see a HELOC utilized

    • - Creates a monthly obligation for the helper

    • - Most people never pay off a HELOC

  • - Parents/Grandparents use funds from Reverse Mortgage refi in same way as HELOC

    • - No mandatory monthly payment

    • - You can  pay off part or all of Reverse Mortgage anytime

  • - Funds from Reverse Mortgage must meet guideline requirements of buyer financing (gifting, seeding etc.)