Upgrade to a Brand New Home at Retirement Without a House Payment

Upgrade your lifestyle - NO NEW mortgage!

Book link: https://www.keytovegashome.com/resources/book-inside-secrets

Before we jump into the requirements of Reverse Mortgage in Las Vegas, here are some of the benefits:

- Have greater security without a house payment at retirement.
- Buy a new home at retirement without a monthly payment
- Enhance your liquidity with your next home purchase at 62
- Sell your home and upgrade without using all your retirement cash

Today's "Inside Secrets II Podcast" expert:

Doug Castino

NMLS 2320698
1597 E. Windmill Ln. Suite 300
Las Vegas, NV 89123

Web: https://dougcastino.mannmortgage.com/
Cell: 702-680-7278
Office: 702-850-6777 x 2407
Fax: 702-507-0036

Key Requirements:

In general, to be eligible for a reverse mortgage, the youngest borrower on title must be 62 years old or older and have sufficient home equity. You must also meet financial eligibility criteria as established by HUD. Determining whether or not there is sufficient equity in the home is an FHA calculation that takes into account:

Current interest rate
Whether the rate will be variable or fixed
Age of the youngest homeowner
FHA lending limits
Appraised value of the home