Reverse Mortgage for Purchase Unites Family

Mortgage and Lending with Service First Mortgage, NMLS #166487 NMLS 217454

Reverse Mortgage for Purchase Unites Family. Lenore grew tired of traveling to see Sophie. Saying good-bye was just too sad. It was Lenore’s son-in-law who broached the idea of her moving nearby.

Like many senior homeowners, Lenore had a great deal of equity in her far away home. But was concerned her finances might not last through retirement.Best Move Ever with Reverse Mortgage

Lenore’s daughter helped put her mind at ease by recommending Lenore use a Reverse Mortgage to purchase her new home by accessing the equity from her far away home.

By using a Home Equity Conversion Mortgage (HECM aka Reverse Mortgage) for Purchase Lenore experienced greater buying power and:

  • Discovered Zero Mortgage Payment Joy*
  • Can pay-off medical expenses
  • Helps with Sophie’s college fund.
  • Is able to access cash down the road.

Call me today … learn more about the benefits of a reverse mortgage for you or your loved ones.

Richard Woodward, NMLS 217454

Your Local, Direct, 5 Star Rated Mortgage Lender, Specialty Lending Manager

Office:  (214) 945-1066

Service First Mortgage  NMLS 166487

6800 Weiskopf Ave #200, McKinney, TX 75070

Licensed by the Texas Department of Savings and Mortgage Lending (SML) Mortgage Banker Registration. Service First Mortgage is an Equal Housing Lender. This is not an offer of credit or commitment to lend. Loans are subject to buyer and property qualification. Rates and fees are subject to change without notice. The views expressed on this site are those of the individual author and do not necessarily reflect the positions, strategies or opinions of Service First Mortgage or its affiliates

* No more monthly mortgage payments. Borrowers must maintain the property and remain current on property taxes, homeowner’s insurance and applicable HOA dues.

Scenarios described represent case studies, relate opportunities and protect client identity, therefore, specific likenesses and names are fictional.


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Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good day 

Thank you for sharing your information with us 

Have a great day.


Dec 10, 2018 03:25 PM #1
Dörte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Richard,

I hear of people using their HECM sort of like a home equity loan. This seems to work well for people, who have unsteady work income (on the younger side), but sometimes receives windfalls all at once.

Dec 10, 2018 04:53 PM #2
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Richard Woodward NMLS#217454

Service Beyond Expectations! Your Texas Lender
7711 San Jacinto Place, Ste 100 Plano, Texas 75024
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