
REALTORS: Your 55+ buyers may have another way to purchase their next home. When people hear “reverse mortgage,” they often think about someone refinancing the home they already own. But SecureEquity℠ (SEQ) can also be used for a purchase transaction for eligible buyers. That can create another conversation with clients who want to: 🔑 Buy their next home ☀️ Relocate for retirement 🏠 Right-size into a home that better fits their lifestyle 👨👩👧 Move closer to family 💰 Preserve more of their available assets instead of putting everything into the purchase And here's something Realtors should know: SEQ eligibility can begin at age 55 in many approved states, although minimum-age requirements vary by state. For the right buyer, reverse-to-purchase financing can provide another way to structure the purchase without required monthly principal and interest mortgage payments. That means your client's purchasing conversation doesn't necessarily end with: “How much house can I buy with cash?” There may be another option worth exploring. Working with a 55+ buyer? Let's run a reverse-to-purchase comparison before they make an offer. *Borrowers remain responsible for property taxes, homeowners insurance, applicable HOA dues/property charges, and maintaining the property. Age, property, financial assessment, state availability, minimum property value and other program requirements apply.
