Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
How a reverse mortgage helped an 84-year-old retired schoolteacher
How a reverse mortgage helped an 84-year-old retired schoolteacher purchase a home even with horrible credit. She needed to sell her existing larger home so she could move closer to her grandchildren and save the expense of a large home.
Many seniors try to help their adult children by cosigning credit accounts with them. Unfortunately, many times those children don’t make the payments and ruin the credit of their parents. When that happens seniors have few if any alternatives for a mortgage. This wonderful lady could not get a regular mortgage even with a huge down payment because her credit score was too low. She thought that she would have to rent. After reviewing her information, I was able to help her purchase her new home just in time for the holidays. She can now live in her new home for as long as she wants without having to make any mortgage payments. We even set aside payment for her taxes and insurance. She can now live her life with less stress.
At Service First Mortgage I am able to assist clients even with horrible credit purchase a home utilizing a reverse mortgage. Call me today at 214-945-1066 to discuss options or visit our website for ... more
Are you on The Rain? Grow Your Network!