SlideShare a Scribd company logo
1 of 10
[object Object],Purchase your dream “retirement” home by using a reverse mortgage! Buy the home you want, and continue to hold on to more of your retirement funds. The mortgage is repaid when the home is no longer your principal residence.
A  new  type of Purchase Money Mortgage ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What properties are eligible? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How much can you get? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
“ Owner Protected” ,[object Object],[object Object],[object Object],[object Object]
What safeguards are in place? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Application & Processing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Loan Processing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Closing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Example of $300,000 Purchase Price  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Depending upon youngest age of borrower, the net amount varies: *Estimates only based upon 12/1/08 interest rates.  Final proceeds depend upon variable closing expenses such as property insurance, flood insurance, etc.

More Related Content

What's hot

Personal Loans
Personal LoansPersonal Loans
Personal Loansmortalan2
 
Mortgage Basics: Part 1
Mortgage Basics:  Part 1Mortgage Basics:  Part 1
Mortgage Basics: Part 1Emily C Ingram
 
New Agents Lending and DPA Programs 101 Presentation
New Agents Lending and DPA Programs 101 PresentationNew Agents Lending and DPA Programs 101 Presentation
New Agents Lending and DPA Programs 101 PresentationMichael De La Mora
 
1.c (v8.2) conventional chenoa fund programs overview
1.c (v8.2) conventional chenoa fund programs overview1.c (v8.2) conventional chenoa fund programs overview
1.c (v8.2) conventional chenoa fund programs overviewChenoa Fund
 
Foreclosure PreveSlide show: What you need to know about foreclosure prevention
Foreclosure PreveSlide show: What you need to know about foreclosure preventionForeclosure PreveSlide show: What you need to know about foreclosure prevention
Foreclosure PreveSlide show: What you need to know about foreclosure preventionKQED
 
Home Buying Class Slides
Home Buying Class SlidesHome Buying Class Slides
Home Buying Class SlidesKaty Acker
 
PROGRAM HIGHLIGHTS Christine Judd
PROGRAM HIGHLIGHTS Christine JuddPROGRAM HIGHLIGHTS Christine Judd
PROGRAM HIGHLIGHTS Christine JuddChristine Judd
 
Insurance policy conditions
Insurance policy conditionsInsurance policy conditions
Insurance policy conditionsRajat Deshmukh
 
Reverse mortgage
Reverse mortgageReverse mortgage
Reverse mortgageMortgageFit
 
1.C (8.5) Conventional Chenoa Fund Programs Overview
1.C (8.5) Conventional Chenoa Fund Programs Overview1.C (8.5) Conventional Chenoa Fund Programs Overview
1.C (8.5) Conventional Chenoa Fund Programs OverviewChenoa Fund
 
1.C Conventional Chenoa Fund Programs Overview (v9.2)
1.C   Conventional Chenoa Fund Programs Overview (v9.2)1.C   Conventional Chenoa Fund Programs Overview (v9.2)
1.C Conventional Chenoa Fund Programs Overview (v9.2)Chenoa Fund
 

What's hot (20)

Personal Loans
Personal LoansPersonal Loans
Personal Loans
 
VA Home Loans Simplified
VA Home Loans SimplifiedVA Home Loans Simplified
VA Home Loans Simplified
 
FHA Loan Facts for First-Time Homebuyers
FHA Loan Facts for First-Time HomebuyersFHA Loan Facts for First-Time Homebuyers
FHA Loan Facts for First-Time Homebuyers
 
Mortgage Basics: Part 1
Mortgage Basics:  Part 1Mortgage Basics:  Part 1
Mortgage Basics: Part 1
 
Conventional Bridge Loan Financing
Conventional Bridge Loan FinancingConventional Bridge Loan Financing
Conventional Bridge Loan Financing
 
Reverse Mortgage Seminar
Reverse Mortgage SeminarReverse Mortgage Seminar
Reverse Mortgage Seminar
 
New Agents Lending and DPA Programs 101 Presentation
New Agents Lending and DPA Programs 101 PresentationNew Agents Lending and DPA Programs 101 Presentation
New Agents Lending and DPA Programs 101 Presentation
 
1.c (v8.2) conventional chenoa fund programs overview
1.c (v8.2) conventional chenoa fund programs overview1.c (v8.2) conventional chenoa fund programs overview
1.c (v8.2) conventional chenoa fund programs overview
 
Refinancing 411's
Refinancing 411'sRefinancing 411's
Refinancing 411's
 
Foreclosure PreveSlide show: What you need to know about foreclosure prevention
Foreclosure PreveSlide show: What you need to know about foreclosure preventionForeclosure PreveSlide show: What you need to know about foreclosure prevention
Foreclosure PreveSlide show: What you need to know about foreclosure prevention
 
Home Buying Class Slides
Home Buying Class SlidesHome Buying Class Slides
Home Buying Class Slides
 
VA Cash Out Loan
VA Cash Out LoanVA Cash Out Loan
VA Cash Out Loan
 
PROGRAM HIGHLIGHTS Christine Judd
PROGRAM HIGHLIGHTS Christine JuddPROGRAM HIGHLIGHTS Christine Judd
PROGRAM HIGHLIGHTS Christine Judd
 
Reverse Mortgages
Reverse MortgagesReverse Mortgages
Reverse Mortgages
 
Platinum program 9.22.14
Platinum program 9.22.14Platinum program 9.22.14
Platinum program 9.22.14
 
Insurance policy conditions
Insurance policy conditionsInsurance policy conditions
Insurance policy conditions
 
Hoc Down Payment Assistance
Hoc Down Payment AssistanceHoc Down Payment Assistance
Hoc Down Payment Assistance
 
Reverse mortgage
Reverse mortgageReverse mortgage
Reverse mortgage
 
1.C (8.5) Conventional Chenoa Fund Programs Overview
1.C (8.5) Conventional Chenoa Fund Programs Overview1.C (8.5) Conventional Chenoa Fund Programs Overview
1.C (8.5) Conventional Chenoa Fund Programs Overview
 
1.C Conventional Chenoa Fund Programs Overview (v9.2)
1.C   Conventional Chenoa Fund Programs Overview (v9.2)1.C   Conventional Chenoa Fund Programs Overview (v9.2)
1.C Conventional Chenoa Fund Programs Overview (v9.2)
 

Similar to Reverse Mortgages For Purchases

Reverse Mortgage Overview Greg Mc Dermott 9 09
Reverse Mortgage Overview Greg Mc Dermott 9 09Reverse Mortgage Overview Greg Mc Dermott 9 09
Reverse Mortgage Overview Greg Mc Dermott 9 09ReverseSage
 
First time home buyer
First time home buyerFirst time home buyer
First time home buyerTiffany Towne
 
HECM Explained
HECM ExplainedHECM Explained
HECM ExplainedDaleRich
 
Pp Tconsumer
Pp TconsumerPp Tconsumer
Pp Tconsumertexasdan
 
Reverse Mortgage
Reverse MortgageReverse Mortgage
Reverse Mortgagetexasdan
 
Reverse Mortgage Basics
Reverse Mortgage BasicsReverse Mortgage Basics
Reverse Mortgage BasicsFBReverse
 
Reverse mortgage presentation_7_11
Reverse mortgage presentation_7_11Reverse mortgage presentation_7_11
Reverse mortgage presentation_7_11James Stout
 
Change your life with a Reverse Mortgage
Change your life with a Reverse MortgageChange your life with a Reverse Mortgage
Change your life with a Reverse MortgageMichael Pinter
 
Reverse Mortgage Seminar
Reverse Mortgage SeminarReverse Mortgage Seminar
Reverse Mortgage SeminarChantry Abbott
 
Advisor Reverse Mortgages Presentation Final 1.14
Advisor Reverse Mortgages Presentation Final  1.14Advisor Reverse Mortgages Presentation Final  1.14
Advisor Reverse Mortgages Presentation Final 1.14Joe Conrad
 
Reverse mortgage presentation
Reverse mortgage presentationReverse mortgage presentation
Reverse mortgage presentationLee Robinson
 
FHA HECM Loan For Purchase
FHA HECM Loan For PurchaseFHA HECM Loan For Purchase
FHA HECM Loan For PurchaseMarcRosso
 
Inlanta mortgage powerpoint
Inlanta mortgage powerpointInlanta mortgage powerpoint
Inlanta mortgage powerpointInlanta Mortgage
 
A Complete Guide to FHA Purchase Loans
A Complete Guide to FHA Purchase LoansA Complete Guide to FHA Purchase Loans
A Complete Guide to FHA Purchase LoansScott Schang
 
Your reverse mortgage guide
Your reverse mortgage guideYour reverse mortgage guide
Your reverse mortgage guideMichael Pinter
 
Reverse Mortgage Purchase Loans
Reverse Mortgage Purchase LoansReverse Mortgage Purchase Loans
Reverse Mortgage Purchase LoansBarry A. Duffey
 
Reverse Guide 2009
Reverse Guide 2009Reverse Guide 2009
Reverse Guide 2009alfies
 
First Time Home Buyer Seminar
First Time Home Buyer SeminarFirst Time Home Buyer Seminar
First Time Home Buyer Seminarpoo1shark8
 

Similar to Reverse Mortgages For Purchases (20)

Reverse Mortgage Overview Greg Mc Dermott 9 09
Reverse Mortgage Overview Greg Mc Dermott 9 09Reverse Mortgage Overview Greg Mc Dermott 9 09
Reverse Mortgage Overview Greg Mc Dermott 9 09
 
First time home buyer
First time home buyerFirst time home buyer
First time home buyer
 
HECM Explained
HECM ExplainedHECM Explained
HECM Explained
 
Pp Tconsumer
Pp TconsumerPp Tconsumer
Pp Tconsumer
 
Reverse Mortgage
Reverse MortgageReverse Mortgage
Reverse Mortgage
 
Reverse Mortgage Basics
Reverse Mortgage BasicsReverse Mortgage Basics
Reverse Mortgage Basics
 
Reverse mortgage presentation_7_11
Reverse mortgage presentation_7_11Reverse mortgage presentation_7_11
Reverse mortgage presentation_7_11
 
Change your life with a Reverse Mortgage
Change your life with a Reverse MortgageChange your life with a Reverse Mortgage
Change your life with a Reverse Mortgage
 
Reverse Mortgage Seminar
Reverse Mortgage SeminarReverse Mortgage Seminar
Reverse Mortgage Seminar
 
Advisor Reverse Mortgages Presentation Final 1.14
Advisor Reverse Mortgages Presentation Final  1.14Advisor Reverse Mortgages Presentation Final  1.14
Advisor Reverse Mortgages Presentation Final 1.14
 
Reverse mortgage presentation
Reverse mortgage presentationReverse mortgage presentation
Reverse mortgage presentation
 
FHA HECM Loan For Purchase
FHA HECM Loan For PurchaseFHA HECM Loan For Purchase
FHA HECM Loan For Purchase
 
Inlanta mortgage powerpoint
Inlanta mortgage powerpointInlanta mortgage powerpoint
Inlanta mortgage powerpoint
 
A Complete Guide to FHA Purchase Loans
A Complete Guide to FHA Purchase LoansA Complete Guide to FHA Purchase Loans
A Complete Guide to FHA Purchase Loans
 
ReverseGetComfortable
ReverseGetComfortableReverseGetComfortable
ReverseGetComfortable
 
Your reverse mortgage guide
Your reverse mortgage guideYour reverse mortgage guide
Your reverse mortgage guide
 
Reverse Mortgage Purchase Loans
Reverse Mortgage Purchase LoansReverse Mortgage Purchase Loans
Reverse Mortgage Purchase Loans
 
Reverse Guide 2009
Reverse Guide 2009Reverse Guide 2009
Reverse Guide 2009
 
The Mortgage Process
The Mortgage ProcessThe Mortgage Process
The Mortgage Process
 
First Time Home Buyer Seminar
First Time Home Buyer SeminarFirst Time Home Buyer Seminar
First Time Home Buyer Seminar
 

Reverse Mortgages For Purchases

  • 1.
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.