If you are at least 62 and have equity in your current home, you could upgrade to one of these beautiful properties on the Gulf Coast, keep 100% of the equity from your home, and have no monthly payment... EVER. And your credit score doesn't even matter! It's called a Home Equity Conversion Mortgage and it allows you to get a better home with no payments and still reserve all your equity for your heirs. It sounds too good to be true - but it IS TRUE.
REQUIREMENTS:
Must be at least 62 years of age
Your equity must equal 2/3 of the cost of the new home. (The reverse mortgage provides 1/3 of the price the other 2/3 is YOUR equity and remains YOUR equity even after the sale of the house/ or even in the event of your death). So you lose NOTHING!
The house must be your primary residence.
So for example, if you have $200,000 in equity in your current home - you could purchase a home for $600,000 and have NO MORTGAGE PAYMENTS FOR LIFE! And, your $200,000 of equity remains YOURS and YOUR CREDIT SCORE DOESN'T MATTER.
ANY OF THESE BEAUTIFUL HOMES COULD BE YOURS - FOR $0 MONTHLY PAYMENTS FOR THE REST OF YOUR LIFE!
BRAND NEW CONSTRUCTION!
This new coastal cottage with 3 beds/2 baths is located in the Retreat at Bon Secour, next to the intercoastal waterway. Brick sidewalks, community pool, and common areas where you'll enjoy passing boats and fishing. Built by Truland homes. $580,000 List Price
Would cost you $386,600 to own with
NO MONTHLY PAYMENTS FOR LIFE
GOLF COURSE LIVING!
How about a golf course view? This home is located on the #5 fairway of The Lakes course in a well sought-after neighborhood, The Peninsula.
Incredible and peaceful views of the course and lakes with 10-foot ceilings, sunporch and more. The Peninsula is a gated community with a 27-hole
course and Bay access. New roof was installed May 23. $599,000 List Price
$400,000 in equity transferred from your current home to own this property WITH NO MONTHLY PAYMENTS FOR LIFE
3450 SQUARE FEET OF LUXURY
This beautiful home is located in the Peninsula and overlooks a lake and the #9 fairway. It has 3 en-suite bedroom/baths, screened-in lanai with hot tub, plantation shutters, sunroom, and every upgrade you can think of! A whole home generator, 3 New HVAC units, fenced backyard, 3-car garage and new hot water heater. Only ½ block from the club, proshops and amenities of an 800+ acre, gated community with a 27-hole golf course, nature preserve & walking trails, sandy bay beach with fishing pier & gazebo, tennis courts, fitness center, indoor & outdoor pools, golf & tennis pro shops & clubhouse with a fabulous grill. List Price: $795,000
Transfer $530,000 in equity from your current home to own this property WITH NO MONTHLY PAYMENTS FOR LIFE
WATERSIDE RESORT
This new neighborhood sits on the lagoon and is close to everything in Gulf Shores. Largest lot in the neighborhood. Close to the beach - but the lagoon is in your neighborhood along with a community pool. Boat launch for your kayaks. Stainless appliances, upgraded cabinets and granite countertops. This unique community boasts beautiful homes and everyone knows their neighbor! $624,000 List Price
Would cost you $416,000 to own with
NO MONTHLY PAYMENTS FOR LIFE
I KNOW HOW TO HELP YOU MAKE THIS HAPPEN
These homes are just a few examples of how an Equity Conversion Mortgage can help you get more for your money, with no payments. Almost any property on the Gulf Coast will qualify for this kind of mortgage because all the homes here have such great appreciation year after year!
KEEP ALL YOUR EQUITY - no strings attached. AND... if you do decide to pay down the 1/3 mortgage portion, you can even invest at 8.9% interest - what savings account or investment guarantees that?? So this kind of mortgage can also be an amazing investment tool!
This can also
For more information about one of these homes, or how to purchase a home using an Equity Conversion Mortgage - please contact me!
Stephanie Knight
Realtor, Alabama & Florida
Certified Equity Conversion Specialist
Call me direct: 404-543-4913
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