Sign up to save your podcasts
Or
Share Myth5- Reverse Mortgage cannot help Finance home purchase with Melisa Gucci
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Myth5- Reverse Mortgage cannot help Finance home purchase with Melisa Gucci
In this myth I call myth #5 is that people don't believe that you can actually use a reverse mortgage to help finance the purchase of a new home.
Think of it just like a regular mortgage or using a mortgage as a down payment, but this time it's a reverse mortgage, which means no mortgage payments.
This myth is false. Reverse mortgage allows empty nesters to right size and set a compromise instead of downsizing and compromising their living situation.
View all episodes
By Pete TentlerIn this myth I call myth #5 is that people don't believe that you can actually use a reverse mortgage to help finance the purchase of a new home.
Think of it just like a regular mortgage or using a mortgage as a down payment, but this time it's a reverse mortgage, which means no mortgage payments.
This myth is false. Reverse mortgage allows empty nesters to right size and set a compromise instead of downsizing and compromising their living situation.