FHA reverse mortgages are becoming more popular with the younger Senior Citizens.

FHA reverse mortgages are being used more and more as a great financial tool for Senior Citizen in their early 60s. I am currently working on a deal for a woman that recently turned 62 and she is a widower. She currently has 3 things going for her:

1. She is still young and has a lot of things she wants to do and does not want to be tied down with a house payment. 

2. She has a beautiful house with lots of equity and she never wants to sell it or move out. 

3. She has big ideas on what she wants to do with her life the next 20 years and some of them involve money. 

Most people have the wrong idea about FHA Reverse mortgages. Slowly, the paradigm is shifting to a more realistic and positive outlook on this loan. My client wants to use the equity in her house to help her realize her goals and wishes over the next 20 years. However, she was always hesitant to get an FHA reverse mortgage for 2 reasons: 

1. She thought she would have to give up title to her house. This is NOT the case. This is an FHA loan and owners still own their home just like with any other loan. 

2. She thought she could out live her mortgage and was concerned that she may get kicked out of her house after she used all the money and if her house dropped in value. This also is not the case. You cannot outlive an FHA reverse mortgage. 

My client represents a new age group of Senior Citizens that is young, sophisticated and want to use the equity in their house to enjoy their golden years doing what they want to do. This loan is a great tool and helps a lot of Senior Citizens that are in all different kinds of financial situations that would be able to benefit from accessing the equity in their homes without having a mortgage payment. 

Find out more. Call or email. Free Consultation.

Cheers, 

Noah S. Burford

NMLS #360982

noahburford@yahoo.com
Certified Reverse Mortgage 

949-278-9244

www.truthaboutfhareversemortgages.com