Reverse for Purchase (R4P)
- MCM Mortgage
- Oct 26
- 1 min read
Reverse for Purchase: Quick Facts
Purchase the Home of Your Dreams
Reverse for Purchase (R4P) is a strategic tool that enables adults nearing or in retirement age to increase their buying power for a new home while eliminating required monthly mortgage payments.
Loan Requirements
Must meet all loan obligations, including using the property taxes, fees, and hazard insurance
Must pay property charges, including property taxes, fees, and hazard insurance
Must maintain the home
These requirements must be met, or the loan will need to be repaid
Love Where You Live (And Love Your Mortgage)
A Reverse for Purchase can give you more control over where you spend the years that matter most.
Benefits of A Reverse for Purchase
Move closer to family and loved ones
Eliminate your monthly mortgage payments
Heirs aren't personally responsible for the loan balance
Improve cash flow and preserve savings
Higher required down payment
Downsize to reduce cleaning and maintenance needs
Buy on the beach, golf course, or wherever your dreams take you
Increase buying power for a home previously out of reach
Where can the down payment come from?
Selling your current home
Liquid Savings
Inheritance Money
Proceeds from a divorce
Other Verifiable Funds
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MICHAEL RANDLE
Mortgage Broker
MCM Mortgage, LLC
NMLS #1387865
214-733-1058
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