Shortly after the first of next year HUD will introduce a new program designed to allow you to use a reverse mortgage to purchase property.
This is new, and will be of benefit to seniors who may be interested in downsizing, or purchasing property in places warmer than West Michigan during the winter months.
Peter G. Miller explains how to proceed after the new program is introduced.
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Florida or Arizona sounding nice to you in all this snow? Perhaps by this time next year a purchase reverse mortgage may be worth considering. For information on all types of reverse mortgages, I'm always available toll free at 877-308-1489.
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