This woman is 69 years old and lived in a condo in Anaheim. A few years ago, she co-signed a loan for her daughter to help buy her first home in Nevada. This year her daughter lost the house in foreclosure and moved in with my client. As a result of the foreclosure, my client's credit was ruined, and now she was living in a small condo with her daughter and grandchildren. They needed a bigger home. She had a problem. She is retired, and her credit is poor. On top of that, she only had $270,000 of equity in her condo. Good luck trying to buy a bigger home in Orange County with that!
But then she heard about FHA reverse mortgage purchase loans! These are particular loans that are designed for people in her situation. With this type of loan, she was able to buy a bigger home and get cash out to help with living expenses. And the best part is that she didn't have to make any monthly payments on the loan!
This loan changed her life. She now has a beautiful home that she can enjoy for the rest of her life. And she doesn't have to worry about making monthly mortgage payments. Please contact me if you or someone you know is in a similar situation. I would be happy to help you get the information you need to make an informed decision about whether or not an FHA reverse mortgage purchase loan is right for you.
Cheers,
Call or text 949-278-9244 or submit an inquiry.
Noah Burford
NMLS#360892
noah@lola24.com
www.mortgagelola.com
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