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I can be your Realtor to Purchase your next home as your Realtor for a HECM Purchase.

Reverse Purchase Mortgage is a highly successful program and provides a wonderful opportunity to people who are 62 years or older to move to a home
more suitable for aging. Perhaps living closer to family members and services or a single level home or an active adult community will be the best choice!
The purchase reverse mortgage option allows you to minimize your cash requirement (and keep more money in your retirement savings), get more home
for your money and have no mortgage payments to make. Why take money from taxible retirement income when you can get down payment money from
 the reverse mortgage and not have to pay income taxes on it? Keep your money in your investments and let it continue to grow and maximize your funds.

           How does the reverse mortgage purchase program work?

The money sources for your new home purchase comes from your down payment (money you have in investments or bank accounts, or from the proceeds
of the sale of your residence) and funds from the reverse mortgage. The reverse mortgage agreement is that you pay the bank or lender back after you leave
your home permanently. Therefore there are no monthly payments during the time you occupy your home. Based on age of the youngest borrower,
the current expected interest rate and purchase price of your new home, we calculate your down payment (HECM Lender).

NO MORTGAGE PAYMENT ever - age 62 or older - FHA Loan Program for Seniors
As little as 44% down - New Construction, Existing Home or FHA approved Townhome or Condo.
You will never have a Mortgage Payment as long as you maintain the home as your Primary Residence.

Example - Information is for illustravtive purposes only.  Interest Rates and funds available may change daily without notice.

                      62               65                70

Home Value

 150,000         80,736          78,486          75,036

200,000         107,186        104,186        99,586

400,000         210,986        204,986       195,786

600,000         312,786        303,786       289,986

Your Money Down - No Monthly Mortgage Payment Ever
You Pay your Insurance, Taxes and any HOA fees

If you live in a 2 story home with the bedroom up.

If you live in a large home and want a smaller home.

If you have no mortgage now and your home is paid off.

You can sell your current home - take the equity and use that equity to Buy another Home using this FHA backed Loan with NO MORTGAGE PAYMENT EVER.

You continue to live in your home and retain title to it.

You can pay off any existing mortgage on your home, freeing you from that monthly expense.

No monthly mortgage payments are required for as long as you live in the home and continue to meet your obligations to pay your property taxes, homeowner insurance and home maintenance.

Closing costs and ongoing fees (such as the FHA Mortgage Insurance Premium) can be financed with the reverse mortgage loan so you pay nothing upfront or during the life of the loan.

If your home increases in value in the future, you may consider refinancing your reverse mortgage to access even more cash.

Loan proceeds are not taxable.

Social Security and Medicare are not affected.

As the borrower, neither you nor your estate will ever owe more than what your home is worth—even if your home decreases in value when it comes time to repay your loan.

Any remaining equity after the reverse mortgage is paid off belongs to you or your heirs.


You can sell your current home - take the equity and use that equity to Buy another Home using this FHA backed Loan with NO MORTGAGE PAYMENT EVER.

call if you have any questions 704-605-0301
          Bernie Kaminsky
                         Golf Realty
                         2425 Mullis Ln
                         Matthews, NC  28105



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