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If you are over 62 and are planning to buy/finance a home, a reverse mortgage is worth considering.

April 5, 2012

Check out this New American Mortgage Blog post http://www.newamerican.com/blog/2012/04/05/clearing-the-path-to-homeownership/ explaining how a Reverse Mortgage works.  Most folks think they can only use this product when refinancing as this used to be the case.  Now there is a purchase option as well which is providing folks over 62 a creative way to finance a home purchase.  For more information, contact any one of the 4 New American Mortgage loan officers found here http://www.oldtrailvillagecenter.com/pg_rwloans.htm that work with our Realtors here at http:www.roywheeler.com

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