Real Estate
Retirement Funding Solutions offers an age-based FHA mortgage program known as the Home Equity Conversion Mortgage.
It's not too late for you to take advantage of this program that you may not have been made aware of when you purchased your home.
Did you know that, instead of paying cash for your recently purchased home, you may have been able to make a one-time down payment of approximately 50% of your purchase price and never have to make a monthly mortgage payment ? *
Retirement Funding Solutions offers an age-based FHA mortgage program known as the Home Equity Conversion Mortgage.
Available to those 62 and better
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No monthly mortgage payment*
Minimal income and credit requirements
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Not personally liable for the debt (including heirs)
FHA-Insured
Homeowner remains solely on title
Closing costs may be financed into mortgage
It’s not too late for you to take advantage of this program that you may not have been made aware of when you purchased your home.
Reverse Mortgage proceeds vary based on the age of the youngest borrower or eligible non-borrowing spouse, the current interest rate, and the appraised value of the home.
*Example based on a person 62 years old buying a $500k home with an interest rate of 4.3% and APR of 4.9%.
Homeowner remains responsible for property taxes, required insurance, homeowners’ fees, and maintenance of the property. Loan becomes due and payable upon a maturity event such as no longer maintaining the home as your primary residence or failure to remain current on property taxes, homeowners insurance, or condo fees. These materials are not from, and were not approved by, HUD or FHA.
Homa Rassouli
Reverse Mortgage Specialist
President Club Recipient
NMLS 455497
Retirement Funding Solutions
P: 415-717-4618
F: 415-276-6050
E:[email protected]
www.HRASSOULI.COM
7250 Redwood Blvd Ste 300
Novato, Ca, 94945
Serving the SF Bay Area & Marin
Synergy One Lending Inc. d/b/a Retirement Funding Solutions, NMLS 1025894; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act – California License 4131356.
These materials are not from HUD or FHA and the document was not approved by HUD, FHA or any Government Agency.
