How a Reverse Mortgage Can Help Your Clients Sell for Top Dollar.

HomeEquity Bank

As mentioned above, this month we had HomeEquity Bank’s Clive Coke sit with Shubha to showcase how a reverse mortgage can help your clients sell for top dollar, buy another property, add liquidity when they purchase, and assist in a tricky spousal buy out scenario. Check it out here.

A reverse mortgage is not just a tool to help seniors stay in their homes longer, but it can be used to help them sell for top dollar and add liquidity when they purchase as well. Here are just some of the benefits of a Reverse mortgage for your clients:

• They can take out a reverse mortgage against a new property to have cash on hand when they need it.
• Access some of the equity in the home to do renovations that will allow them to sell the property at a higher price.
• Use the equity to put a down payment (or pay full price) on a vacation home or second property.
• Assist a loved one with the down payment for their first home purchase.
• Use some of the equity in the home to invest in stocks or mutual funds to enhance their wealth portfolio.
• Assist in a spousal buy out where one partner will need to pay out the other, as well as provide cash on hand if they purchase a new home.

Check out the video here that will explain everything you need to know about reverse mortgages to sell more this spring.

What's Next

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