Whether you are Upsizing or Downsizing a R4P (REVERSE FOR PURCHASE) is a strategic tool that allows adults 55 and older to increase their buying power for a new home, while eliminating monthly mortgage payments.
Love where you live and (love your mortgage) A Reverse for Purchase can give you more control over where you spend the years that matter.
- Move closer to family and loved ones.
- Buy in the mountains, golf course or wherever your dreams take you.
- Downsize to reduce cleaning and maintenance needs.
- Increase buying power for a home previously out of reach.
- Eliminate your monthly mortgage payments.
- Improve cash flow and increase savings.
- Your heirs are not responsible for the loan balance.
Reverse verses Conventional mortgage.
Reverse and Conventional mortgage have a lot in common, but the differences make a difference. Which is better for you.
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REVERSE MORTGAGE |
CONVENTIONAL MORTGAGE |
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0 YEARS OF MONTHLY MORTGAGE PAYMENTS HIGHER REQUIRED DOWN PAYMENT |
15 -L30 YEARS OF MORTGAGE PAYMENTS LOWER DOWN PAYMENT. |
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LOOKING TO IMPROVE CASH FLOW |
CASH FLOW IS NOT A CONCERN |
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INCREASE YOUR LIQUIDITY |
INCREASES YOUR EQUITY |
|
READY TO IMPOVE AND ENJOY RETIREMENT |
STILL WORKING/HAVE SUFFICENT RETIREMENT SAVINGS |
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YOU STILL OWN YOUR HOME |
YOU STILL OWN THE HOME |
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MUST PAY TAXES AND INSURANCE |
YOU MUST PAY TAXES AND INSURANCE |
LEARN HOW A REVERSE FOR PURCHASE (R4P) CAN ELEVATE YOUR HOME BUYING OPPORTUNITIES.
CONTACT US.
Andrew Wallace & Bill Krone
Reverse Mortgage Specialists
NMLS 1506610 | AZ MLO 0938715
NMLS 199750 | AZ MLO 0913066
13810 N. 50th Street
Scottsdale, AZ 85234
1640 S. Stapley Drive, Suite 221
Mesa, AZ 85204
Andrew: 602-826-7340
Bill: 602-790-4309
AZreversemortgageteam@wvmb.com
Notice: Not approved by HUD or a Government agency. This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data are subject to change without notice. Prices and Guidelines , Minimum requirements subject to change with our notice All loans are subject to credit and collateral review approval not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product. Make sure to compare loan types when making financial decisions. Not all loans or products are available in all states. Must be primary residence, loan becomes due and payable upon last borrower leaves the home. To keep loan in good standing Borrowers must stay current on property taxes, insurance, maintenance, HOA dues if applicable. AZ BK0018295 | Wallick & Volk, Inc. NMLS #2973. EQUAL HOUSING LENDER
