GREAT NEWS FOR FLORIDA'S SENIOR HOME BUYERS! 
  
 

 

 

 

Dear Florida Senior Homebuyers:

NOW, HomeBuyers 60 years of age or older can PURCHASE a
House or CONDO in Florida up to
$6,000,000
with
Reverse Mortgage Financing.

Both FHA and Proprietary  Reverse Mortgages Available.
Owner Occupied Properties: 1-4 families Residences, Townhouses, and NOW CONDOS


Borrowers DO NOT make any Principal & Interest payments after closing,  as long as one of them lives it as primary residence, pay taxes, insurance, any property charges.


Examples -  Based On Age of Youngest Buyer:

Purchase Price*

$200,000

$300,000

$500,000

$700,000

$1,000,000
Equity Edge

$3,000,000
Equity Edge

Monthly
P & I Payment

Age

Net Cash Required To Close(Including Closing Costs “CC”)*

$0.00

62

$129,611

$191,686

$312,586

$445,243

$752,525

$2,112,525

70

$118,811

$175,486

$287,836

$408,542

$658,525

$1,830,525

* Estimates Based on age of youngest buyer-borrower, at HECM:Fixed Annual Rate of 4.56%, 5.913% APR or Equity Edge: Fixed Annual Rate 7.050% , 7.803% APR.* Lesser of Purchase Price or Appraised Value or FHA Lending Limit of $679,650. Or Equity Edge Lending Limit of $6,000,000. Subject to Financial Assessment and other conditions. Pre-Paids not included in Closing Costs. Subject to errors and omissions and changes without prior notice. Condo approval by Lender requred.    9/11/2018



Please Note: if you (age 70) have $300,000 to buy All Cash, you could buy a $500,000 home with $287,836 including Closing Costs! Do your Calculations!


Call me for more information at 786-262-6486 or email me Request Purchase Estimate by email or eFax at 786-345-0783 or use the form provided at the bottom of the page

Act today! Do not pass up the opportunity to buy without having to make monthly payments. Call me today!


Send this link to your REALTOR to learn more about the Program!
http://www.HappySeniorHomeOwners.com/RealtorsReverse

 
PS:
As a Loan Originator, a Senior and having a Reverse Mortgage on my own home, I can tell you that it can be a blessing for many Seniors.

*  
View a Reverse Mortgage Home Purchase Presentation  

Reverse Mortgage Home Purchase Estimate Request

If you are Realtor for a Senior Buyer please fill only the Last Name of your customer as identifier. Any contact will be through you. Please include as much requested information as possible. Estimates will be more accurate when Dates of Birth are provided. If you prefer you can print the form and fax it to 786-345-0783 or email it to RodKohly@gmail.com View Privacy Policy: http://HappySeniorHomeOwners.com/PrivacyPolicy

HECM PURCHASE ESTIMATE Request Information Form