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Reverse Mortgages For Purchase Available In MN

February 2, 2013 by · Leave a Comment 

I just met with a long time mortgage originator who is offering reverse mortgages for the purchase of a primary home. This is very exciting as not many companies offer this as a mortgage option. Now, a senior who is 62 years old has another financing option available to them. Attached are the information sheets that I received from the lender that will explain the program. Please contact them directly to discuss how the program works and how it could be of benefit for you. If you are in need of a real estate agent in the Twin Cities to assist you in locating a new home please give me a call at 952-929-2577. Together we can make it happen!

Sincerely,

RE/MAX Results

John Mazzara

Broker Associate

CFP CLU ChFC CEBS MBA MS CMB

7300 France Ave S #410

Edina, MN 55435

John@johnmazzara.com

http://www.MinneapolisStPaulHomes.com

612-386-7027

952-929-2577

How Can I Help You?



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Previous: How much evidence is needed to make a decision to get out of the rent race and become a homeowner? Compare your rent with a mortgage payment on a similar size property. If you want a larger home than your current one, use the rent that property would require instead of what you’re currently paying. If it’s considerably cheaper, you may not need any further encouragement. By the time you consider the principal reduction, appreciation and tax savings, your monthly cost of housing could be much less than the rent you’re paying. The principal reduction included in each payment is like a forced savings account that increases as your mortgage balance decreases. Your equity in the property will also grow due to appreciation. The equity is part of your net worth and an investment in your family’s future. The income tax savings can be an additional financial consideration if the combined interest and property taxes exceed the allowable standard deduction. Trends are showing that both tenants and homeowners are staying in their homes longer. It’s been said that whether you rent or own, you’re paying for the home. Do you really want to buy the home for your landlord? Let’s make it happen today-call me at 952-929-2577 Sincerely, RE/MAX Results John Mazzara Broker Associate CFP CLU ChFC CEBS MBA MS CMB 7300 France Ave S #410 Edina, MN 55435 John@johnmazzara.com http://www.MinneapolisStPaulHomes.com 612-386-7027 952-929-2577 How Can I Help You?
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Disclaimer: This communication is provided to you for informational purposes only and should not be relied upon by you. RE/MAX Results is not a mortgage lender and so you should contact a mortgage broker or lender directly to learn more about its mortgage products and your eligibility for such products. Regarding specific blog postings, external links and any other information found on this site, neither John Mazzara nor RE/MAX Results assumes any responsibility nor guarantees the accuracy of this information and is not engaged in the practice of law nor gives legal advice. It is strongly recommended that you seek appropriate professional counsel regarding your rights as a homeowner. John Mazzara and RE/MAX Results are not associated with the government, and our service is not approved by the government or your existing lender. Even if you accept this offer and use this site and/or our services, your lender may not agree to change your loan should you decide to pursue a short sale or any other change involving your loan or loan terms and conditions. If you should decide to engage our services in marketing your home as a short sale, there will be no up front cost to you and you may cancel our listing contract at any time.

Minnesota Tenant | Minnesota Tenants