Roseville Realtor Jen Klein and Liz Baeza discuss the key qualifications to obtaining a reverse mortgage. As more and more baby boomers move towards retirement and are looking to downsize or just simply move into their retirement home, financing has become more of an obstacle. With fixed incomes and large down payments, they are stuck attempting to figure out how to purchase with fixed monthly incomes. A reverse mortgage is a powerful purchasing tool and should be considered in areas where it applies. There are several benefits involved as well. Here are some of the main qualifications:
1. You must be 62 yrs of age
2. Must have a significant (50% of purchase price) down payment
3. It must be your primary residence
Watch all 4 videos to become familiar with how they work and what the requirements are. For more information check out www.JenKlein.com or call Jen Klein (916)230-3880 or Liz Baeza at (916)223-8869 or firstname.lastname@example.org.
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