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Jack’s Zero Monthly Mortgage Payment* Home Purchase

Let’s talk about Jack.  

He’s 68 years old. He and his wife Rita are looking to sell the two-story home where they raised three kids. They have been longing to move into a mid-century modern nearer to downtown.

But with housing purchase costs rising and retirement savings concerns, Jack and Rita wondered if a new home purchase made financial sense. Fortunately, like many baby boomers age 62+, they’ve have built a lot of equity in their current home.

Jack’s cousin is a real estate agent. Cousin Craig recommended Jack and Rita tap into their equity to purchase their next home using a Home Equity Conversion Mortgage (HECM: aka Reverse Mortgage) for Purchase (H4P).

According to financial experts, seniors in our country have accumulated between $6-8 trillion in equity (Reasons why Baby Boomers are a Market to Watch, David Loman). In many cases, the equity is just sitting idle when it could be put to good use.

That’s why financially savvy seniors nationwide are enjoying the benefits ofH4Pto provide:

  • Greater Purchasing Power

  • Zero Mortgage Payment Joy*

  • Funds for home improvements, medical bills and other expenses

  • And, quite possibly, a tax-free growing line of credit

Jack is excited to be moving into a home that better meets his and Rita’s needs. Jackand Rita are also especially thrilled to be done with mortgage payments. *  

To find out more about the benefits of H4P for you or your loved ones, contact me today!   

Tim Malcolm, NMLS #420505 

Reverse Mortgage Loan Originator 



909 NE Loop 410, Suite 902A 

San Antonio, TX 78209 

Cherry Creek Mortgage CO., Inc. NMLS #3001 dba 1stReverse Mortgage USA



*No more monthly mortgage payments. Borrowers must maintain the property and remain current on property taxes, homeowner’s insurance and applicable HOA dues.Scenarios described represent case studies, relate opportunities and protect client identity therefore specific likenesses and names are fictional.