Each day 10,000 people turn 62… and 46% will move during their golden years.
If you’re a realtor or a builder, that presents you with a tremendous opportunity to expand your business in this untapped market.
But with the prices of homes and building materials at historic highs, how do you get a potential buyer interested in a new home?
The answer is a Home Equity Conversion Mortgage for Purchase – known as an H4P – a reverse mortgage that allows seniors aged 62 or older, to buy a new home using loan proceeds from a reverse mortgage.
Only 1% of your competition is utilizing this financing program that has been around since 2009.
It can double your clients’ purchasing power, which means they can afford an upgrade to a newly built home that better suits their lifestyle at this stage of their lives.
Your client also stops paying their mandatory monthly principal and interest payments.
It’s a win for your client – and you – because you get the listing and the sale.
To find out more about how a reverse mortgage can benefit your business, call today.
