Active Adult Communities
Quick Move-in Homes
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I’m living the dream now!
Take a look at the new Reverse Mortgage and live the dream you’ve been waiting for, now! Are you waiting to sell your current home before buying a new one in a Meritage Active Adult Community? With the new Reverse Mortgage products available, you can accomplish the goal of buying a new home while prices are at record lows, hold onto your current home and sell it when the market is at a high.You simply place a reverse mortgage on your existing home and buy your dream retirement home now as a second home. No payments!
“What’s the catch?”
This is the first question we hear over and over. And other than being over the age of 62, we haven’t found one.
“Isn’t this the same mortgage where people lost their homes years ago?”
This is the second question we hear and this is not the same “Reverse Mortgage” from the 1960’s that wasn’t government regulated. Today's Reverse Mortgages have been government regulated since 1989. And now with the anticipated passage of the new 2008 HUD Modernization Bill, higher loan limits will be available and closing costs will be lower. Meritage Active has enlisted the help of Wells Fargo, the nation’s leading retail originator of Reverse Mortgages, to assist our homebuyers. Now’s the time to take advantage of the changes this new law provides.
2008 New Reverse Mortgage “Nevers”:
- Never make monthly payments
- Never give up title to the home
- Never owe more than the value of the home
- Never have restrictions on how you use the funds
- Never have a time limit on selling your home
- Never pay tax on the funds received
- Never penalized for early payoff
Use the links on this page to learn more about the new Reverse Mortgage and how you can be in charge of your future, now!