Purchase Reverse Mortgage Calculator Results Explained:

Program Choices: You may choose either Fixed or Adjustable Rate options (Treasury or Libor) Visit Reverse Mortgage Interest Rates

Funds by Borrower: This is the amount of funds you are able to commit as a down payment on your new property. The down payment source MUST be seasoned funds of your own. The down payment on a purchase reverse mortgage can come from proceeds from another sale of real estate, sale of other personal property, or cash on hand including 401k, stocks, savings, bonds etc.

Purchase Power: This is an estimate of the maximum purchase price you are eligible for based on the down payment you are able to contribute to the transaction.

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More About the Purchase HECM:

Exciting news to Senior Americans who have wanted to downsize, upsize, move closer to family and friends, move into senior communities for the activities or amenities they offer, or for those who find that their current home simply does not meet their needs any longer.

Links of Interest:

• Purchase Reverse Update
• Purchase Reverse 25 FAQ's

If you or a loved one would like to take advantage of this opportunity give us a call

Toll Free 888-801-2762 Ext 1 or request a free purchase reverse quote

Notes:

*Calculator results are for illustration purpose only and are not an offer to lend. If you wish to receive a formal quote with an estimate of all loan charges, as well as an amortization schedule that will show interest accrued year by year please contact one of our reverse mortgage specialists

*Reverse Mortgage Calculator provided by ReverseVision