Reno - Sparks Adult Communities See Buyers
Utilizing Reverse Mortgages to 'Buy Up'
Links to Active Adult Senior Housing Communities in Reno - Sparks & Northern Nevada (below)
When buyers search for the home of their dreams.... it's most likely above their price range. That's when the Home Equity Conversion Mortgage (HECM) comes to the rescue with the cash needed to compelete the purchase. And the buyers still have no mortgage payments to make! It's a win-win for the buyers, sellers and agents.
There has been a big increase in the use of HECM reverse mortgages in Northern Nevada as Real Estate Agents and buyers recognize the benefit. Sellers are now more willing to accept offers with Reverse Mortgage financing as the product has become more mainstream.
Maggie O'Connell, of The Federal Savings Bank has an office located in Reno and is the source for HECM Reverse Mortgage Purchase for Nevada and California. If you are considering purchasing a home utilizing the HECM Loan, contact Magge well in advance of making your offer to get guidance and assurance there will be a smooth and fast purchase transaction. Call 775-770-0870 or Send a Message
Below are Links to websites of Active Adult Senior Communities in Northern Nevada.