Choice For Purchase
An Amazing Choice for Clients Preparing for Retirement
Utilizing a Smartfi Choice to purchase a home is a valuable, smart option for retirees. Instead of using a traditional mortgage, retired borrowers can use the sale of a previously owned home — or other savings and assets — as a down payment. The option will allow your clients to use the equity created to make up the difference between the down payment and the purchase price, enabling them to move into their new home with no required monthly mortgage payment.*
Expand your borrower base by sharing this program and its benefits with prospective buyers and realtors.
Key Borrower Benefits
- Allows seniors to downsize (or upsize) during retirement while benefiting from the financial flexibility a reverse mortgage provides
- No monthly mortgage payment required (the borrower is still responsible for taxes, HOI and HOA dues)
- Non-recourse loan
Why the Reverse for Purchase Program is a Great Choice
Help homebuyers afford more home and retain more cash. The Reverse Choice for Purchase Mortgage can be a more viable option over using other types of financing enabling your retired borrowers to get more for their money. They’ve worked hard all their lives to get to this point. You can help them get more.