Date: Sun November 27, 2011
Show: Real Estate Today
Would you - or your folks - move to another home now if you could sell your present home? Depending upon your age, you might be able to move sooner than you think.
Most seniors and adult children are aware that reverse mortgages are available for persons over 62. The tax-free funds can be used without restriction - home improvement, buy a car, visit grandchildren. While a majority of seniors use reverse mortgage cash to "age in place," the reverse mortgage also can be used to purchase a new home.
Join host Tom Kelly and Sarah Hulbert, National Sales Manager for 1st Reverse Mortgage U.S., as they discuss the reverse mortgage for purchase on "Real Estate Today."
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